BItcoin Running Flat correction pattern at ATH consolidation

BItcoin Running Flat correction pattern at ATH consolidation

Also bounced from 50 DMA. Targeting 75K and looking for consolidation/continuation afterwards. If this happens I see it as the definitive breakout from this 2021 range for continuation higher.

Kommentar:

The extension fib was at the wrong place. Rearranged the expansion fib to wave B ending, now it has direct confluence with the bigger 1.272 extension.

The yeasterdays low was swept today with not even one 5min candle close below it, this would have been the ideal entry. Still potential to morph this to a expanding flat instead of a running flat. That would mean a quick giga nuke below A so well below 58k. Running flat looking good so far.

Trade geschlossen: Stop wurde erreicht:

stopped out, but good looking candle at A level, may open another soon