Yesterday we held the fib golden pocket perfectly even though I wanted to see lower.
Honestly, I would've love to see the daily at 57.5k, just to get people more bearish and to see a liquidity grab below 60k one more time.
Anyways, we broke the 64k resistance pretty easily, a clear sign of strength and we are now at our last resistance at 66k
Counting Elliott waves, I expect to see a break of that resistance, as the bullish count on the lower time frame seems to be validated (ABC correction, then a 1-2 1-2, and now a wave 3), also not a lot of people are longing, so I don't see why we would reject, even though we definitely could.
As always, not a place to long, its a short or no trade here.
Any questions?
Good luck traders
Remember not to break your rules
Habib
Honestly, I would've love to see the daily at 57.5k, just to get people more bearish and to see a liquidity grab below 60k one more time.
Anyways, we broke the 64k resistance pretty easily, a clear sign of strength and we are now at our last resistance at 66k
Counting Elliott waves, I expect to see a break of that resistance, as the bullish count on the lower time frame seems to be validated (ABC correction, then a 1-2 1-2, and now a wave 3), also not a lot of people are longing, so I don't see why we would reject, even though we definitely could.
As always, not a place to long, its a short or no trade here.
Any questions?
Good luck traders
Remember not to break your rules
Habib
