I could be wrong, but it looks to me like BTC may want to cool off a bit before plowing higher. If the top of this channel is not broken then it is very likely we will touch one of the lower Fib numbers. I still have my core long position but I did manage to raise a little cash during all the recent chop. I hope to redeploy it on the long side below $5K around one of these Fib levels.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.