OvidiuPublius

BTC break out retest or new lows?

FTX:BTCUSD   Bitcoin
At this point I am considering break out retest complete. Given this opinion I don't see why price would hang out too much in this area. Waiting to see FOMC and reaction afterwards for either:
- market buying with 28k target; or,
- layering bids sub 18k

At this point fully neutral until FOMC
Comment:
We got the FOMC pump, and it was hard getting in had you waited for confirmation of direction.
Leaning towards getting a gap fill at 28k and using all dips to get spot exposure.
If we 25k first we might get a deeper pullback
Comment:
I still think we are going to go higher before resuming larger down trend, but I need to take a risk defined setup even for the spot allocation.
TPed most of the spot positions and now waiting for a deeper pullback to get back in.

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