BTC - Reloading on the pull back
Updated
The BTC price is currently in a rising wedge with the RSI trying to break its trend. I am waiting for pull back below 5K before adding to my long position. How much lower? Mid 4Ks. Fibs at 50%, 61.8%, 78.6% not shown on this chart. If we rocket higher from here no worries, I already have my long position. If we go lower no worries I'll just add to it. I'm just posting this chart to see what it looks like in a few days. Next week should be interesting.....
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It looks like the price is at a key decision point while bumping up against that baby blue line. To point out the obvious it will either get rejected one last time or blast through making a higher high. I'm cool either way.
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