Updated

BTC 4 hour - Quick Dip before the next healthy ATH at Fib lines.

The larger time frames are starting a downwards projection. At the levels of other indicators, it suggests a quick shake-out. These set-ups average around 15% on the downside and then the uptrend continues, which will then set-up diversions in the future.

I see more downward pressures for about 16 - 40 hours and then a nice run upwards to new ATHs.

Trade active

Trade closed: target reached

Note

I did TA that PA would dip within 40 hours .. Things change quickly and that time line is off the table. These next formations have become clear and I have posted an additional "Run Chart" to clarify direction.

A new time-line should be considered now, as PA could go an any of the 3 directions now.

Consider this as a hold and neutral position. Scalping is notable for some quick returns for experienced traders, the chop chop zone has been noted.

Note

This last post completes this chart. I was suggesting a 15% dip and PA only gave us 7.30% to the downside. PA then moved up to the next major Black Fib line # o.786. That next 7-day move to the upside had a potential yield of 15.25% for the trade.

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