From my perspective it can go like this and consolidate here. Let's press play after awhile and see how it plays out. Three trades.
If reachs to trade entry will see where will price goes after.
Will retrace to 0.618 at daily TF and then it will start 3rd impulse wave which will reach 120+. Fundementals are strong on this project.
If it can not go up, it will go down :) short it IMO
Reversal from here. Short term bullish. This is previous demand zone so it will hold this level and go up to test 34k imbalance.
C wave of correction, target 36500. Can extend to 34K. If you want to donate pm me. good luck.
This is my current trade setup. 0.5 retracement is needed to take liquidity at bottom before moving up. Stop loss level can set at 46K too. If you like my work consider donate, good luck.
R/R: 3 Hit resistance, will go down. Expect 0.618 retracement. TP is at 0.5 fib level here according to impulse wave. Use stop loss and maintain risk.
4H TF 20 EMA tested. My entry is at 3.15 Take profit at 3.75 If market goes up like this I may trade more and get back posting more setups.
Target: 1.45 Stop loss: 1.12200 RR: 1.5 My experience from price action of this pair tells me this can go to maximum 1.12500. Which is 0.786 fib level. It already stopped at 0.618. Then it will bounce from here upwards strongly. There were positive news about EUR today which means banks did it intentionally to trap more traders before taking long positions.
Wave count ended here and it will go up from here since there is strong demand. It may wick to 38-39k before going up like this too. I expect at least 45k from here. My TA anaylsis says it can not go down more from here. Unbiased analysis, I do not trade market. NFA.
After finishing impulse wave 1, we did corrective wave (stopped at 0.618 level) (2) and now according to my calculations, it should reach 24 which will be 1.618 extension of current level. I hate to say this, but it will reach 25 sooner or later in my opinion.
I discovered that each time %50 retracement happened. This is an extended impulse wave 5 and instead of 161.80 increase it went up to 261.80% compared to wave 3 length. Or 361.80% compared to wave 4 length. In my opinion 5th wave can not extend more than this. (if it does, it would target 14.70, fundementally it looks not possible now but long term it is...
Price will reverse like this. Press play after some time :) NFA
As I mentioned in my last trade setup (see the related idea) I said BTC will correct to 60k levels. Now we are looking at minor C corrective wave (wave 4 in terms of bigger wave counts) and on chart we can see with my fib calculations 59k is the target, then it should reverse. Expecting 60k retest and then up depending on global market conditions.