BTC Sideways and Ranging for 2-3 Weeks: Target of $65k Remains

13 Şub 2021

After the last weekly impulse we need to esablish some lower TF structure. Best to zoom out for sanity. This ranging might be tighter as we coil for a mega impulse move up through $50k to the 3.618 extension at ~$64-65k.

Key notes:

• Trend channel established
  
• Bull market until trend channel broken
  
• Fib extensions providing nice weekly target and ranges
  
• Things might get choppy in this range
  
• News beats TA - a big announcement could easily propel the market to over $50k
  
• Don't short you will get rekt!!
  
• Buy established support and only use margin when there is a confirmation
  
• Be patient and wait - the last impulse from $33k-$47k took three weeks to establish itself
  

19 Şub 2021

İşlem aktif

We went long last week and we are now out of the channel. Next stop $65k