After 2 months in the 30-38k range, characterized by unnatural movements, fake outs and stop hunts. I suspect that we will enter a new market phase in the near future. (Purely speculative: who knows exactly when and how the crypto cartell will give us tried to deceive)
IMO I see 3 options:
1. The 3k Fractal, similarities you can see in the main chart. In the current consolidation we should ideally not fall below 0.5 retracement, and would form an IV H&S . The goal is about 35k. But be careful, 34k is the first major resistance, if we are dump hard from there bulls in danger!
2. If we draw an LL, I will burn the fractal and expect lower prices. The next support is in the golden zone of the complete upward movement and the CME GAP.
3. We will stay in the range for weeks, in which case I will continue to focus on other markets.
I would like to mention that all I post are just options and my own opinion!
Always trade with SL, and do not risk more than 1% of your portfolio (max 3%) per trade.
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Bullish news: Tesla again accepts BTC as a form of payment.
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We are only at the beginning. It has not yet been confirmed. I go step by step. First we have to break 34k with good volume. Also 35k. And should not retrace too strongly: 0.38 extremely bullish, 0.5 bullish, 0.618 last defense for bulls
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Bouncing exactly from Golden zone from wave 2 Fibos act as support and Resistance
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stopped out.longthem position continues
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fRACTAL ADAPTAD
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Beginners tip: IMO very strong stable BTC, but don't buy at this altitude. Bull trap in LTF possible Resistance 42.5 - 43.2 - 44.2 k Support 38.7 - 37 - 36k