I will look for the long around 46k area for "short term trade 3-7days)
My target is something between 49.4k - 50k Most likely i will close whole position at 49.4k
After that i will wait for first rejection and short the market from first pullback or maybe i will try to catch the Wick.
Why that target? That fit my EW count for wave 5 also that fit 0.61-0.7 fib level area. Which is also known as "Algo Target"
Even for my "C" that is 1.272 - 1.414 fib level.
SO alot of confluence zone in that area. Most likely we will get rejection from there.
So my first target for that short will be something between 39-38k then i will try to long the market.
If we lose 35k most likely btc will get big crash and we will see 22k or 18k.
That is my play.
We will see.
My target is something between 49.4k - 50k Most likely i will close whole position at 49.4k
After that i will wait for first rejection and short the market from first pullback or maybe i will try to catch the Wick.
Why that target? That fit my EW count for wave 5 also that fit 0.61-0.7 fib level area. Which is also known as "Algo Target"
Even for my "C" that is 1.272 - 1.414 fib level.
SO alot of confluence zone in that area. Most likely we will get rejection from there.
So my first target for that short will be something between 39-38k then i will try to long the market.
If we lose 35k most likely btc will get big crash and we will see 22k or 18k.
That is my play.
We will see.