This is an update on the linked idea
I think btc approaching a local top with multiple resistances crossing and also the 1.618 fib from ath to atl. price and timing matches so it becomes vulnerable to a correction in the 31-33k area.
I am taking some profits off the table around 25% to be able to buy the pullback if it comes.
After that it should enter the 5th wave which usually is the strongest in cryptocurrencies.
Good Luck!
I think btc approaching a local top with multiple resistances crossing and also the 1.618 fib from ath to atl. price and timing matches so it becomes vulnerable to a correction in the 31-33k area.
I am taking some profits off the table around 25% to be able to buy the pullback if it comes.
After that it should enter the 5th wave which usually is the strongest in cryptocurrencies.
Good Luck!
Commento:
if not going down within next hours the dump was very shortlived and resistance could have been broken quickly
Commento:
short term up channel has formed
