BTC bitcoin weekly retracement warningbeing about 4k above the developing weekly pivot which recieves price action as a magnet would nearly every time price opens far away from it... I just wanted to post this so that people do not get too ahead of themselves with the weekend price action. It is a common occurance and that being said I would also like to note that there is still another full day+ when price can be brought higher or lower and thus the developing weekly pivot (i.e the reversion magnet) could be plotted to be higher or lower than here. Yet no matter if we move higher or lower on sundays price action if it is upwards the retracement of this size will "still" happen, except it will just be from a higher point. Often time when it is this ahead of the developing pivot it can happen even prematurely on sunday itself in anticipation for such price reversions. No matter how you handle it,... whether trying to short to the coming pivot or waiting to buy the dip on it. It is good to be aware of it
