Before we can safely move upwards a test of 5k is required to solidify support. So how do we get there?
Possible ABCD Pattern
BTCUSD
Possible ABCD Pattern
- AB leg ATH 7900 to 5400 (complete)
- BC correction to just under 7k (6940 – in progress)
- CD leg completes pattern at 5k for long entry
BTCUSD
Bình luận:
Breakout confirmed to the upside.
Very close to our 6940 target.
Very close to our 6940 target.
Đóng lệnh: dừng lỗ:
Closing out this idea. My stop was reached over 7k and the pattern has been invalidated, unfortunately.
I'm keeping a close eye on the next fib line (0.786) at ~7300 area for a possible short-term correction potentially down to retest 7k, or depending on whale play maybe retest 0.5 fib at 6700 and stop out a bunch of people before next leg up.
I'm keeping a close eye on the next fib line (0.786) at ~7300 area for a possible short-term correction potentially down to retest 7k, or depending on whale play maybe retest 0.5 fib at 6700 and stop out a bunch of people before next leg up.
Expecting a big move in the next few hours.
Hopefully break to the upside to 7k before more significant leg down to 5k.