BTC may still go sideways in the triangle, but I'm willing to bet that in a few days, it's gonna dump to 28K, bounce up maybe 8% and then eventually back down between the 24-26K range. This should trigger a lot of buy orders and attempt to retrace back to 32-35K. I've got my buys laddered in with my biggest positions at 24K. Sell targets will be calculated as soon as the buy orders are triggered.Remember, this is all a game of probability. BTC may break to the upside for some crazy reason. But with the weekly RSI being overbought and the way it seems to be breaking down and bleeding out, my gut tells me it's time to play the fibs.
Ladder in your buys and stack those stats!
Let's go!!!
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.