Fib Ext Pull and Fib Speed Resistance Pull
Target .618 and expecting some resistance at this area before a move to the the 1-1 Extension
for fresh ATH and potential continuation .
The move allows for a 40% return , do not FOMO I expect a pull back when we hit the .618.
or even before given BTC potential volatility.
Of course determine your own entry if you cant wait for that potential prospect.
****Please also note that any ALT setup regardless of how strong it is can be destroyed by
aggressive BTC moves *****
Another observation I want to make is that the areas I have highlighted are where pullbacks have
occurred literally around the same time each month . 21 Jan , 23 Feb , 25 March , and 23 April .
Im not suggesting that come the end of May we will see the same but its worth noting and
just a pattern that I noticed had played out throughout this year .
Also each major correction has pulled us into the .382 speed fan resistance or close too it .
Ensure that you have a trading plan with a clear invalidation and SL
Ok well Thanks for reading and any questions pls ask , Like and FOLLOW for more of my content and Analysis .
Comment:
target hit
Comment:
20% still running on a trail stop
Trade closed: stop reached
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