I read a lot of idea charts on here so never feel like I need to do charting myself but for this move I wanted to keep it really simple and just make it myself so I'm going to publish it.
I believe that sub 6100 dip will be the lowest point before blast off to 75k though may want to close it at second resistance line of 63500 and re-enter after a dip.
After BTC broke out of the falling wedge, it has consistently hit resistance along the top side of the decline. The pivot point was a nice overlap of an upward trend from pre-ATH and price level resistance at 61000. If BTC continues to follow both these trends then a liquidation under 59-60k SHOULD be safe. Of course we know the whales can always wick it down and force a flash crash but I just see too much buy pressure here and especially after we just had a flash crash to 57k.
If you didn't manage to get an entry under 61000 then you may want to wait out the weekend and see if an uptrend confirms start Saturday night into Sunday morning. Then after confirmation, good entry Sunday night into Monday morning.
Of course if its too obvious then it might not happen so get you stop losses set and happy trading.
Not financial Advice.
I believe that sub 6100 dip will be the lowest point before blast off to 75k though may want to close it at second resistance line of 63500 and re-enter after a dip.
After BTC broke out of the falling wedge, it has consistently hit resistance along the top side of the decline. The pivot point was a nice overlap of an upward trend from pre-ATH and price level resistance at 61000. If BTC continues to follow both these trends then a liquidation under 59-60k SHOULD be safe. Of course we know the whales can always wick it down and force a flash crash but I just see too much buy pressure here and especially after we just had a flash crash to 57k.
If you didn't manage to get an entry under 61000 then you may want to wait out the weekend and see if an uptrend confirms start Saturday night into Sunday morning. Then after confirmation, good entry Sunday night into Monday morning.
Of course if its too obvious then it might not happen so get you stop losses set and happy trading.
Not financial Advice.