I'm expecting the ETF buzz to cool off with some sell off down to the $5K mark where I'd enter my position and hold through the up channel for a new ATH in the near future.
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I meant down to the $45K Mark*
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The pullback begins. Fight to stay above 46K in play. If it breaks below, my target still in play. Volume is good, so I'm confident this will play out.
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Side note: I wasn't paying attention to US Inflation figures being released at the same time as my analysis (I'm not from the US) but it will will be interesting to see whether the FED tightens or loosen rates and how this affects the new BTC ETF demands - I honestly don't know. Too much of a noob to put these together.
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BTC went far below what I anticipated.
I'm still long If it can close at least 2 candles above $43.2K on the Daily and remain in uptrend channel, my targets still in play.
If not, expect sharp pullback to 40K mark.
Everything hinges on next 24-48 hours.
I'm still long If it can close at least 2 candles above $43.2K on the Daily and remain in uptrend channel, my targets still in play.
If not, expect sharp pullback to 40K mark.
Everything hinges on next 24-48 hours.