Hey. It’s been a while since I’ve posted an idea here, so here it is. BTC made a significant climb, smashing through its previous all time high! Currently, it sits at roughly 34k hitting some resistance at a high point of a channel. I expect a significant retrace to 20k. Here is my analysis.
Finding Targets and preparing For entry!$$
So, We have a mix of possibilities. we are sitting between two separate channels in which it could go either way. If this is confirmed Bearish, we need to clear .2324 with strong support to bounce off of at .22. . If we drop down to .22, we should see a next push up to .31. If not, and we stay bullish on the 15M, we...
This has appeared to me. I was kind of hoping for inverse H&S, but BTC may have other plans. It has been moving pretty slow lately. Could it be switching things up and preparing for this?
I might put this in a frame even if this doesn't happen:)
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-Dan The Vizionary
-DM DYNAMIC TRADING