Inspite of recent bearish sentiment BTC targets remain the same. There is a lot of confluence in the 75-95k area for a major top. May or may not be the top top but likely will create a long pause or sizeable retrace. Price has already made it to a "potential top" but has not broken any technical trends and after its usual 25% will likely continue to the upside where there is far more confluence.
Current Trading Plan:
Remain short hedged until price brakes the downward momentum on smaller time frames or reaches the macro momentum curve to the upside. Currently expecting a possible few week down trend back to the macro momentum curve to fill the average 25% re occuring range.
Trade Well...
Your Friend,
Degen
Current Trading Plan:
Remain short hedged until price brakes the downward momentum on smaller time frames or reaches the macro momentum curve to the upside. Currently expecting a possible few week down trend back to the macro momentum curve to fill the average 25% re occuring range.
Trade Well...
Your Friend,
Degen
Comment:
While still overall bullish price is currently making a symetrical triangle consolidation pattern. Likely outcome will be a small brake out to the upside with a quick and hard correction back to themomentum curve and rip. When every body is wrekt....the trend will likely continue.
