As mentioned, this is where volatility was always going to pick up as leveraged positions get flushed out.
That was a brutal one hour candle from $92 straight down into the $86 handle. A classic liquidation move.
Submicro Wave 3 completed as a clean 1.618 extension of submicro Wave 1, which is exactly what we look for in a strong impulsive structure.
Now the focus turns to the submicro Wave 4 correction. Once that completes, we should see the final push higher to complete the larger Primary Wave 3.
Depending on your entry and overall strategy, this is also the zone where some traders may look to lock in partial profits ahead of the bigger Primary Wave 4 correction. That correction is likely to be multi week in nature before the next major leg higher begins with Primary Wave 5.
Volatility is back. Structure remains intact. This is all part of the process.
#BTC è saltato oltre la resistenza ma è finito chiuso sotto la zona. La candela giornaliera ha avuto un'enorme candela di rifiuto, ed è tornata nella fascia ora. Il prezzo sta ancora cercando di muoversi verso l'alto e deve aspettare pazientemente un breakout ora.
Mi piacerebbe davvero vedere un impulso verso l'estremità alta intorno a $250. La struttura del mercato sembra promettente — vediamo come si comporta il prezzo nelle prossime settimane. Resta paziente. Reagisci se stai tenendo 👀💎