mmladenoff

BTC Healthy Retracement

Short
mmladenoff Updated   
BITMEX:XBTUSD.P   Bitcoin
BTC skyrocketed after breaking my fractal in the last trade I uploaded. Now, from this high 23,800$ or around 24,100$ we should try the fibo 38.2% retracement level, which is also on the same price as a trendline, which comes from the beginning before the previous bull run.
Comment:
BTC reacted to the yellow trendline on the top and also has formed an ascending wedge. If broken downside, I will activate my order. Until now everything goes as expected. Above the yellow trendline, it is all a FOMO zone.

Trade closed: target reached:
BTC broke its wedge and hit its white trendline. Profits taken. Thank you BTC!

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