BTC EW: Max Pain before Max Gain
Updated
Tether spike hasn't had any real follow up.
Still under the cloud on the daily.
Still under the 200 EMA on the daily.
Still under the longterm bear trendline .
Bear market still in tact, however looks to be drawing to a close.
Can't rule out reversal here but max pain is a necessity for max gain.
Targeting measured moves down to around 4.5k-5k where it meets double trendline support; horizontal support and fib support.
Still under the cloud on the daily.
Still under the 200 EMA on the daily.
Still under the longterm bear trendline .
Bear market still in tact, however looks to be drawing to a close.
Can't rule out reversal here but max pain is a necessity for max gain.
Targeting measured moves down to around 4.5k-5k where it meets double trendline support; horizontal support and fib support.
Note
Note
Note
still in the bear wedge
Note
Trade closed: target reached
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