Bitcoin
Updated

BTC Massive Setup

183
Consolidation for months between 91k and 106k

- Classic Wyckoff setup as an accumulation/distribution
- Price targets of: 121.878 (122k is the popular target) to the upside with 75,827 on the down

- Saylor today put out news to be raising another $2 billion to buy BTC. Either he is going to be able to hold the floor or get washed out

- Trade can be taken with confirmation of breakout on either side pretty easily as momentum will be so strong that being on the wrong side will most likely be an immediate stop out
Trade active
BTC at 119k with 122k price target in play
Note
I'd expect front running of the level with BTC up nearly 60% from the lows
Trade closed: target reached
122k target hit

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