This is basically the same previous idea for a Bull perspective, this time I put together some fine grained interpretation to how those target could get a hit. It's very risky to try to scalp this as is, but you can use risk management if you are fine with it. Don't take this interpretation strictly but traders always want to predict every detail so this is my shot.
Note
Market just got to our 0.786 Circle and made a new high. It's unclear it may go now to point 3 or to point 4 but a moving trailing stop can get you out to buy again at point 4 or just stay positioned until point 5Note
This larger view show us already hitting a circle too:Note
We got a double perfect hit on point 3 time and price, better than I expected !Note
BTC is stronger than most could expect, It is looking like we are heading to 9.6K or more:Note
Our target 9.1K got a hit
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Disclaimer
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.