Cool down period after an epic run. Topping out at 1.618 extension of wave 2 in a massive rising wedge. Still think we go higher this year, but a correction feels due. Bearish divergence showing on shorter time scales, slowly building a short position on any spikes. However, as those of us in the cryptosphere know, rationality can always go out the window and this could blast higher.
Previous analysis here:
Previous analysis here:
Trade closed: target reached
Trade closed manually
Comment:
took small profit at the bottom of the dip, but had to back out of this one as she shot towards the sky again.