Continuing with my Idea that Bitcoin will top out at 46200 then I will ladder in a short trade from 45975 46200. I'm going to front run the 61.8% retracement coming in at 48547. Tight stop but lets see the reaction at 46200. TP1 at 38200. All the way to 29000 (Hopefully) but main TP target is 31745.
I planned this trade back in August when the price was trading above 28K for very simple reasons. Do you know what 46200 level is? I was looking for the drop to my entry after the 18th Sep but BTC had other ideas! The target remains the same since August. 2023 high of 46200! Originally I posted the idea on E-toro when we were trading at 26K and someone told me to...