BTCUSDT Perpetual Contract
Updated

btc 4-5 update ~

1 326
good afternoon o/

someone brought up this idea to me last night, and after further looking into it there's a compelling case to be made.

triangles are very prevalent in wave 4 corrections, and that's precisely what we're in on a lesser degree.

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the bullish invalidation on this triangle sits at yesterdays low of (45050.0).
can't go below this level, not even by a penny if this is going to play out as projected on my chart.

the textbook upside target sits at $51,113.50, but an expansion to 53k is expected.

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Wave 5 target = $51,113.50
Note
market slowly starting to break down, i've moved to cash until further notice.

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