From my previous post, I have now opened shorts with targets around 250~ partials taken along the way.
Expecting a sell opportunity at the 4.236 Fib Extension. Eye's on £555, my target is around £210.
As expected a pull back from 69k into 42k thanks Elon. Now we can surpass the previous ATH and hopefully hit 6 figures.. see you there
There is an obvious inefficiency gap around $21000. While retail investors are long, institutional traders are short. The news of Evergrande debt crisis and China banning cryptocurrencies for the 5th or 6th time, just tells big investors when to short. $21000 is a significant number for Bitcoin as the total supply is 21m. I am short down to this area and will be...
In a long until 250 then short from there. As you can see from the fib retracement and Elliott wave analysis we could push slightly higher than the previous high, provided I have spotted the correct pivot points within the price pattern.