In a swing trades atm, but in the mean time taking this short term long setup. I will adjust my stop at the blue ray 11,039 because of a possible reversal there. Lots of possibilities that can happen in that TP and blue ray but will update as they unfold.

Not a prediction or call, just pointing out how early on the cycle we probably are, like I said earlier in this thread. The current bull market (right) is 260% from the bottom, the last bull market went 2415% from bottom to top.

Someone pointed out on TV that I measured the 2415% from the top of a 258% run, he's right, the last bull market actually went OVER 9000% from the bottom. (This doesn't change the projection on the chart on the right)

I am really not seeing any weakness showing a pull back yet, however keeping in mind that this was a short term trade and no clear structure has formed yet to confirm (like an abcde) I am closing this to protect profits.

I will take additional short term trades while keeping my swing trade open to 11900-12500.

$XBTUSD 4H Going well.

To the pip. That's why I like waiting for a close above. Should be good to try again in a few hours if 10.6k holds.

Let's go Multi TF. Weekly better than expected, a green close next week would be quite bullish, especially if 11k is reclaimed. Daily consolidating right below the 21EMA, a close above could be the first reversal signal. 4H 11k rejected, I want to see it…

I am watching for a small breakdown here, then a potential fake out to the zone above. This can invalidate, but I am expecting further downside and will look to open a hedge short (short term, since in swing long) if it has momentum and vol divs among a few…

Looking like this bounce point I talked about needs further downside before the scenario I discussed happens, will take a look once this settles.

#bitcoin OBV is not happy here. Volume indicates support weakening.

1/2) If the low is broken then I will be taking this short targeting the 61.8 fib level as that is common in a correction of this structure, 5-3-5. Normally the correction upward of this structure needs to target the 50% fib at least 10706, this fell short.…

2/2) This correction can also be terminated at either of the blue rays marked, so at 10269 (.618 fib ext) I will be adjusting my stop to 10465 (aprox. ATR level times 2) and then also throughout the sell off.

Keep in mind this is an IF scenario & trade. If condition is met, then trade is entered, if condition is not met then analysis above is my scenario with adjusted targets, conditional hedge setups either way. I am not one to react on price emotion.

Securing profits, closed this a tad early as much of a minimum criteria has been met for several scenarios. Momentum and volume divergent at swing low indicating some kind of reversal temporary or not is coming. Will update further.

1/2) $BTC Now is where I begin to look to setup a day trade long, a swing low CONFIRMED on the next hourly provides the setup. Full criteria met on fib extension for the C drive down (blue, I know fibs are clustered) of our corrective pattern, right at fib…

2/4) Looking at the overall corrective structure, the 61.8% fib level of the prior rally is a typical end point. Seeing as we ended (once confirmed) near it, a few things can happen from here based on where the ending is on the coming rally. Continued

3/4) 5 swings from here (1h-6h) to any of the blue extensions identifies a full rally coming, after the 5 drive happens we look at this extension. A rally to to any of the red fibs shown indicates downside targets below the current low as this is is just…