BTC always got rejection many times and can’t breakout easily and 26.400 level on fib 61.8% already got rejection that probably will make the death cat bounce.
the volatility will come on the FED report, and if the break out can’t happen again / make a fake out.
SHORT from 26.200 level
SL = 26.400 – 26.500
TP on
step 1 –> 25.300
step 2 –> 24.500
step 3 –> 23.300
step 4 –> 21.800
and if the Bulls going stronger and the breakout happen, we can play on the confirmation on the 4H
open order on 26.400
SL = 25.900
TP 1 = 27.200
TP 2 = 28.000
TP 3 = 29.600
TP 4 = 31.300
if analysis with elliot wave, if bulls happen ABC down theory already complish, and wave 1 is start it and the bulls will end in 40K from fib 1.618
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- Source: https://www.tradingview.com/chart/BTCUSDT/j91qa0sY-speculation-trade-on-BTC-after-FED-result/
