Bitcoin - Resuming uptrend one more time - 67k/69k Target

Bitcoin - Could be reversing now as it bounced off the 50% retracement level of wave 3 and the 161.8% projection of wave 2.

So, as long as that 53270 low isn't breached, we should continue higher here.

On the 5min chart on the left, it looks like we are finishing an impulsive move, therefore, if you're not in yet, you can buy on the pullback.
Look for potential support at the Fib retracement levels but I think the most likely one is the 38.2% retracement.

Commentaire:

Biitcoin - We can make the case that the rise was actually just a WXY correction or a wave (c) and we'll therefore go on making a new low.

Seen how sharp the move lower now is, the setup has a high chance of failure imo.
Hence I recommend to at least reduce your exposure if you've bought in aggressively.

Myself, I'm in with a half position and am there not risking more than I can handle.
Therefore, I will stick with the plan especially because the Risk/Reward is good enough for my strategy.

If for any miraculous reasons price is to go above wave b/ii high; I will look to add to my position.

Commentaire:

FIY, there have been a few updates on my channel before the following one.
I forgot to update here...

Commentaire:

Bitcoin - As expected price is coiling for this wave (iv) triangle for now.
Just a bit more and it could start to go higher towards 62k at first.