IMO this looks like a decent Wyckoff accumulation schematic. If this plays out it would indicate a higher low for BTC. If this is confirmed on the lower timeframe I will look for a Long and my personal target would be the .272 fibonacci level, wich will be around 50K. Offcourse will take some partials allong the way. No financial advise, DYOR and always trade with money you are willing to loose! Trade safe everybody :)
Comment:
Filled, lets see where it takes us. I will take 20% off at 43K (at 1:5RR) and leave stop in place so if goes back to stop it's still break-even. If it will make 43K offcourse, but it might as well go for one more liquidity grab since there is allot of imbalance untill like 39.4K.
Comment:
Stopped out after taking 20% off position at 42950 - break-even