Not too much to say, just saving this for later analysis
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Market looking weak, let's wait and see if my timing is good
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Our 0.5 time fib serve well as what is looking like a dead cat with market weak to pass the 4.618 fib resistence. Looks like 0.618 time fib is a good place to watch next
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Repeating previous supports
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0.618 time fib should be in line with 1.618 previous fib at 19k. Let's watch and see
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19k hit, but a little bit ahead of time. Still need to improve my timing
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Market break below 19k so 13k still a thing
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Incoming what looks like the last leg
Trade closed: target reached:
15k reached from almost ATH. Hope you enjoyed the ride.
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The system in place is just the standard fibonacci retracement inverted and with custom placement. The same for time fibs, which is something I need to improve, sorry for that. If you don't want me to post more ideas like that because it is too short, let me know in the comments below.
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Market reacted just at time fib 0.786... The "most natural" retest is on fib 2.618 ( 29k )
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Market is looking to retest 1.618 fib ( 19k ), from there it can either retake path to 2.618 or continue bearish to 1 ( ~ 13.6k ) and 0.5 ( 8.6k )
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After last movement BTC resume path to retest fib 2.618 ( 29k ) finally after luring to go deeper into 19k. What a move !
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1.618 fib ( 19k ) hit
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29k guys, decisive barrier
