What happened last week? -A pump that has the 2nd largest short liquidation since 2020 -21k just hit the log view declining trend line since ATH of 69k -21k is the local GP(0.618) from 25k -4h divergence starts to appear
What will happen next week -We might have a sharp retrace towards 18.6k-19k -If that is confirmed as wave 4, there is another wave 5 pump ahead -My guess the wave 5 top should be around 23.1K which have 100B short liquidation waiting to be punished.
Execution plan 1 -Short from here and take profit at 19k -start longing again, TP should around 23.1K
Execution plan2 -wait till price reach 22.5k which gives us a divergence on higher time frame and start shorting -taking profit at 19k
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