$BTCUSD - 5th Wave Down

Ssshhh!!! 🤫

The Background
Crazy price predictions of 100K+ at a previous resistance area. Euphoria, FOMO, and greed were getting together. Even your grandma was buying. Distribution into the highs, new shorts, and profit-taking from the lows into greedy, FOMO buyers, ready and willing to do anything to get their hands on as much BTC as their mitts would hold. Including mortgaging the farm.

Numbers Have Meaning
The best part of it all is the ATH price, 69K. Could that have been better telegraphed? They told you you were going to get screwed. And like it.

Count 'em 1, 2, 3, 4, 5?
Wave 1: Drop.

Wave 2: Rectrace/consolidate.

Wave 3: Drop

Wave 4: Retrace/consolidate

Wave 5: Drop?

Remember, keep your risk low and manage your trades.

Plan. Execute. Next.
Trade Less. Make More.