Hello, everyone!
Yesterday I reported that closed my short at enrty just before this pump. There was the local idea to catch the end of the wave 1 before the corrective wave 2. This pump was obligatory becuase after impulses we should see corrections.
My target for the correction was 0.61 Fibonacci retracement approximately at $29200. Bitcoin hit $30k, which is too much and too rapid in my opinion, but anyway I am still believe that it's just a correction before dump. BTC broke trendline resistance and 0.61 Fibonacci. It's fearfull, but now I am waiting for the confirmation. If we will see the consolidation at this level, we will see the new dump. It could be just the liquidity collection to make us greedy, Don't panic.
Best regards, Ivan
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Yesterday I reported that closed my short at enrty just before this pump. There was the local idea to catch the end of the wave 1 before the corrective wave 2. This pump was obligatory becuase after impulses we should see corrections.
My target for the correction was 0.61 Fibonacci retracement approximately at $29200. Bitcoin hit $30k, which is too much and too rapid in my opinion, but anyway I am still believe that it's just a correction before dump. BTC broke trendline resistance and 0.61 Fibonacci. It's fearfull, but now I am waiting for the confirmation. If we will see the consolidation at this level, we will see the new dump. It could be just the liquidity collection to make us greedy, Don't panic.
Best regards, Ivan
_____________________________________
Subscribe now and never miss an update👍
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