CPI data does not mean we will crash right away

As everyone knows, the recent CPI data came in at 9.1% which is higher than expected. We saw a swift red candle in all markets right after the release of CPI data. While whole market is in fear and waiting for crash, I would rather prefer going against the majority and enter into long position. My plan for Bitcoin right now is to trade the E wave of Bear Flag targeting 23k region for time being. There is also 0.382 fib level of the downward impulse present, so its most probable that we shall be seeing upward retracement up to that level.

Trade closed: target reached