Hoosier812

LONG: BTC - ABCDE Consolidation @ 11k

Long
BYBIT:BTCUSD   Bitcoin / U.S. Dollar
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4
Confluence of Long:
1. ABCDE Triangle - Correction (typically W4 of 5 wave impulse)
2. 11k S/R from AUG - SEP 2019 - holding
3. Demand Zone: 10600-10900
4. 1H + 4H Bullish DIV (hidden)

ABCDE - Leg E should retrace 50% of range of consolidation - (10600 - 11200) = 10900

LONG:
Entry - 10950
SL - 10800 = invalidation of ABCDE consolidation

Target = 11400 (previous top), 12000 (R from 2019)

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