Go ahead, make my day!
Updated
What would it take to push this to the next Fib level?
I'm often confounded by irrational human behaviour....maybe, just maybe, sometimes I like playing it safe.
I'm not saying it's impossible looking back at the previous moves though.
I'm often confounded by irrational human behaviour....maybe, just maybe, sometimes I like playing it safe.
I'm not saying it's impossible looking back at the previous moves though.
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Looks like some consolidation going on before the another push up.... seems like folks want more.Expected since BTC is going to complete it's wave 5 inside that wedge to 9400is.
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Next stop $1900 and change...Note
Maybe it pushes through a couple hundred $$, then comes back to settle on that $1390 level before the next leg up...Note
Pull it!.....Like Larry Silverstein.Note
If Bitcoin fails to punch $9000 in the nose, then all hell will break loose!Note
Go to cash, wait for confirmation of next move..Note
We've had a 141% price move from the low and it looks like we are seeing the first signs of a pull back.Yet, I don't underestimate that there would be lots of people wanting to buy here!!
Not me, I'm waiting it out.
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This is either going to be a substantial pull back or a consolidation before moving higher. looking at BTC, there is a lot of resistance around $9000. If that level isn't broken we can expect more downside across all markets. Go down revisit support and try again... easy.
Perhaps we have gone too far too fast after all and we are wise to this market.
Only time will tell. Good luck traders...
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Oh wait! Whats this... a little bounce off the wedge...Get on with it FFS, I've got kids to feed!
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Lets see..Note
A broader view.Note
We are currently in an accumulation period 24hrs and will be moving higher through those Fib levels. Keep a very close eye on this as we are currently in an accumulation phase before the next move higher.
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