BTC Possible Breakdown
Updated
BTC is breaking out of a symmetrical triangle, and is tested an observed fib around 60550.
If it breaks down, I'm eyeing 56k.
If it can find support, 66k would be my target to the upside, but only if it's able to get over ~61500.
It looks bearish to me, I'm trying to find a short to hold here, I don't think that this will hold based on the recent macro prints.
If it breaks down, I'm eyeing 56k.
If it can find support, 66k would be my target to the upside, but only if it's able to get over ~61500.
It looks bearish to me, I'm trying to find a short to hold here, I don't think that this will hold based on the recent macro prints.
Note
I have a short at 60500ish. Look okay to me. Session vwap was poked with some gap fills, the fib is holding as resistance.Note
Proximity to target reached, I took profit 57k, and flipped back to trade to 60k vwap on high tf with lots of room to test support (3:1)Note
I closed the long half for now. No trades. This idea is done for the moment.2/2, 5/5 positions green this week. Eat dust!
Note
damn, it broke the 56k line. over 11% downThis was the biggest liquidation event since the FTX collapse.
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