BTC Sideways and Ranging for 2-3 Weeks: Target of $65k Remains

After the last weekly impulse we need to esablish some lower TF structure. Best to zoom out for sanity. This ranging might be tighter as we coil for a mega impulse move up through $50k to the 3.618 extension at ~$64-65k.

Key notes:

• Trend channel established
  
• Bull market until trend channel broken
  
• Fib extensions providing nice weekly target and ranges
  
• Things might get choppy in this range
  
• News beats TA - a big announcement could easily propel the market to over $50k
  
• Don't short you will get rekt!!
  
• Buy established support and only use margin when there is a confirmation
  
• Be patient and wait - the last impulse from $33k-$47k took three weeks to establish itself
  

Trade active:

We went long last week and we are now out of the channel. Next stop $65k