BITFINEX:BTCUSD   Bitcoin
As you followers know, i was expecting BTC to bounce back to 47000 complete a top HnS and head down to 39k, However the bulls played their cards really well and the price has re entered the ascending wedge after forming a fakeout. When we see a fakeout usually price tend to move in the opposite direction, strongly as we just saw. Now we have broken the HnS, previous peak and different resistances, I am expecting BTC to resume its run to 52-54k. However, as I previously stressed the underlying market condition at this point start to degrade. We are seeing volume slowly shrinking which is a bearish sign. Now my advice is to follow the wedge boundaries for bearish signs. At 54 k BTC will either retrace or move sideways. As I previously updated you I lock profits at 46500 as I was expecting a move down, however as I stated if the market clearly broke 47500 that would have invalidated my bearish view and resume the bullish one. That is what I did, I re-entered the market (the 30% which I previously took out, 70% as been always been in the market) when BTC was breaking 4800, so I have effectively lost 3% move. The altcoins I have entered at key levels were SOLANA at 71, and I am expecting 95 ish, and FTX (FTT) at 48.50 with 65 as a target. Now I am looking at UNI and FERRUM NETWORK. I do know at times entries may be frustrating, but the market reacts quickly, so you have to be even faster...yesterday, although i am in holiday I have been on and off the charts as I was receiving alerts and i react quickly enough. Just always be prepare.

CFcryptoTA
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