BITCOIN FOLLOWING THE PLAN, WAITING FOR LONG TRIGGER
LINES ARE JUST FOR PURE VISUAL GUIDANCE, NOT INTENTED TO REPRESENT THE REALITY, JUST AND IDEA OF WHAT I WANT TO SEE AND WHICH LEVELS I WANT TO SEE TAKEN O RESPECTED, MOVEMENT COULD BE MUCH FASTER OR SLOWER
Bitcoin currently following the plan posted this morning, reached the area of interest taking those key lows as asked, and currently consolidating at this area. Closed most part of my shorts at this point too.
I want to see a clear consolidation, and a break upwards reclaiming the lost support at around 48330$, in that case that's a clear long for me aiming for those objectives in chart, with the stop below whatever low drawn in the grey box.
For bear scenario, price needs to close below blue line. Thats the clear line in the sand for now, if that level is respected, I'm expecting higher prices. But if we start closing and consolidating below, that would open the way for lower prices, at that point I would say that 44k (red arrows) are the main magnet area for price if we close below blue, pretty confident those lows will be taken in that case.
Be aware if Bitcoin goes down, 99% of alts will go down x2 speed, so remember to place stops and take profits.
I will update if something changes, but for now those are my 2 main scenarios.
Good luck!
Bitcoin currently following the plan posted this morning, reached the area of interest taking those key lows as asked, and currently consolidating at this area. Closed most part of my shorts at this point too.
I want to see a clear consolidation, and a break upwards reclaiming the lost support at around 48330$, in that case that's a clear long for me aiming for those objectives in chart, with the stop below whatever low drawn in the grey box.
For bear scenario, price needs to close below blue line. Thats the clear line in the sand for now, if that level is respected, I'm expecting higher prices. But if we start closing and consolidating below, that would open the way for lower prices, at that point I would say that 44k (red arrows) are the main magnet area for price if we close below blue, pretty confident those lows will be taken in that case.
Be aware if Bitcoin goes down, 99% of alts will go down x2 speed, so remember to place stops and take profits.
I will update if something changes, but for now those are my 2 main scenarios.
Good luck!
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