BTC/USD - Pullback in the making?

Entry targets during potential pullback:

- 44K
- 41K
- 37K
- 35K

Fakeouts to the upside are still possible. I'd rather be patient.

Comment:

Note that I did NOT keep the timing of the market in mind.
The "4" could be hit way earlier and around 44K we could see some support already.
"5" could also be hit earlier.

Also note that "5" is at a RANDOM price point in this idea. We could end up lower or higher.

Comment:

Price action on BTC is deciding to go a different way.
Once 51k breaks and turns into support, this idea will not stay valid.
I am willing to get back into bitcoin after the altcoins have made their runs and bitcoin manages to break the resistance.
I am sure it will eventually.

Comment:

IMO the break through 51K is not very convincing just yet, so still keeping the idea of a fake-out in mind with support near 44K-46K.
In case of continuation at this point, first resistance is at 55K.

Trade closed manually:

Have you ever been waiting for a correction that has never happened? I did.
This 51K break is starting to get convincing at this point. I expect a pullback at higher prices. 55K resistances is still a fact, to be monitored what that price target brings.
Closing this idea.

Comment:

Buy orders at 41K have been hit a few days ago.
Not sure if the next impulsive wave is about to start already, but so far we are at another 20% gains after derisking back in August 29.
I stick to my plan, this bull cycle is not over yet and I'm biased that at least 100K USD for BTC will be hit during this bull cycle's peak.