We have a similar three candle consolidation like the one seen before breaking out of the $20K ATH (Dec 14 '20). This week has just begun, and it's already breaching the ATH from April. There was a new ATH around $67K from Oct 18, but that was short-lived; the candle didn't close above the previous ATH range. So it didn't do much from a market structure perspective. It is still acknowledged, though, by using a thicker resistance line.
Using the fractal starting from the Dec 14 break-out, we see potential for:
- BTCUSD $100K before November ends
- BTCUSD $200K towards year's end
Using the fractal starting from the Dec 14 break-out, we see potential for:
- BTCUSD $100K before November ends
- BTCUSD $200K towards year's end
Trade closed manually:
rejected & $52-$53K level breached
Trade closed manually