BTC Flirting to Break $50,000

2021年2月14日

📌 BTC Flirting to Break $50,000

This illustrates the perfect gift for valentines, but also touches on the problem of magical technical targets. An impulsive leg, avoiding the 161.8% target for our wave (iii) because it could lead to it being pinned by sellers.

Now buyers are better than the textbook move for our [III], firstly when you think of development and secondly observing sellers and noticing that the boat is still not fully loaded to the long side. So a capitulation move towards +/- $57,000 is urgently required. Moreover, lets also consider 216.8% to be an easier area to defend than 161.8%.

Admitting the weakness of sellers defence, worth considering that the path of least resistance is still to the topside. The threat is hard to find, only regulation will trigger the surrender (not expected to enter in play till summer 2021) and with a positional advantage here we must continue riding the pig.

Thanks as usual for keeping the feedback coming 👍 or 👎

2021年2月15日

ノート

A quick update here for those following the live flows...