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Moonboy1

No strong reaction at key level = possible start 3rd leg EW

Long
BTCUSD Perpetual Contract (BYBIT:BTCUSD.P)  
Moonboy1  
BYBIT:BTCUSD.P   BTCUSD Perpetual Contract
Trend Analysis Chart Patterns
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trendanalysis chartpattern
We took too long at this key fib resistance level. I'm leaning towards breaching 26k. However, 26.7k strong reaction is a SFP of the whole bearmarket channel where we can reach even new lows...so that's definitely I'm watching. However, with this 20% move up...so impulsive...I'm not sure if we ever see beneath 20k again.
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