Taking 50% off the table here, we are currently up 28% profit. Feeling a bit toppy to me. I've always liked monitoring the 15min 200ma on BTC as a good support. We've now lost it and have potentially put in a bearish retest on it.
A couple scenarios to look for:
Blue Path: Flip $48k on HTF to support, Ill add back 25% of my position
Red Path: we begin a 5 wave corrective move towards $40k. Ill be adding 25% back to my position on the labels points on the chart.
Take profit, have a plan and stick to it. Be prepared ahead of time for what is to come. Goodluck!
A couple scenarios to look for:
Blue Path: Flip $48k on HTF to support, Ill add back 25% of my position
Red Path: we begin a 5 wave corrective move towards $40k. Ill be adding 25% back to my position on the labels points on the chart.
Take profit, have a plan and stick to it. Be prepared ahead of time for what is to come. Goodluck!
