BTC - BE CAREFUL BTC HAS A WAY OF HUMBLING THE CROWD!!!

Hey Everyone,

BTC breaking all targets you are going to see a lot of SUPER BULLISH charts, obviously we are all drunk on hopium and the adrenalin of running with the bulls in Pamplona, I do not only use Elliott Wave to achieve targets but also support and resistance.

We can see right now BTC had hit a cross resistance and had a swift correction and major stop hunt, it is not only traders that look for these, whales also do too. It is always a good idea to sell these regions and rebuy on breakout or add orders lower.

THE MARKET ALWAYS HAS A WAY OF HUMBLING THE BIGGEST EGOS - REMEMBER THAT!!!

When there is so much GREED the whales often take care of business... this time with a $1,000 drop, killing stops and liquidating those that were way too greedy in their margin positions. And technically we were at cross resistance. I have drawn a potential pathway here for BTC, provided our correction now is not too deep.

REMEMBER IF YOU ARE PRACTICING SAFE... TRADING ALWAYS USE PROTECTION
(minimize your risk, use a stop loss. Especially in Margin Trades) ALWAYS!!!!!!!!!!!!!!!!!!!

<3 Lisa

DISCLAIMER:

The Legal stuff - I'm not financial adviser. Just a few quick thoughts - remember you sit at your computer, you push the buttons...

PS make sure you give me a like, that way you get updates as I post them.... :) <3

Comment:

We have just hit Target 1 - as we head higher to retest the resistance we got turned away from with that $1,000 drop

Comment:

BTC has formed the triangle by crawling along resistance and dropping to support, and always nice to wake up to some morning glory ;)

Comment:

Support here to second longer term support has held and bounced nicely, I would expect a retest to this region in the coming hours

Comment:

BTC has bounced here and I would LOVE to see this hold for the psychological reason of 10K mindset and I think should we break this region going back through from the other way could prove more difficult but not impossible, I have marked the next supports here and will fully dissect this in the morning (later morning is 2am here and all my alerts went into meltdown) the parabola is not in threat of breaking in this region so there is no issues for us to move higher long term.

FULL DISCLOSURE I TOOK A 2.89% LOSS ON THIS TRADE