Quick BTC update 05.03.2024

[ew-and-patterns]

This was the trade setup of my last post. It played out exactly as predicted🤑.

https://peakd.com/hive-126009/@ew-and-patterns/quick-btc-update-02032024

But now we have entered the dangerzone... What follows after this is either a deep correction towards 52k or we use the momentum to push immediately towards 84k.

The direction will only be clear at a new ATH or below green wave 4.

Feel free to use and share my charts, but please mention me, @ew-and-patterns as the author. Otherwise it is considered plagiarism and I will flag you and advise my friends to do the same.

Please consider leaving a comment, like or rehive, if this post entertained you or helped you see things differently...

Have a nice day :-)

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Comments

[ew-and-patterns]

Wow, that was fast! The low is now breached. Very bearish sign. Immediate continuation upwards is unlikely.

[ew-and-patterns]

The buying pressure is unbelievable. Totally unprecedented.
Expect violent swings once price discovery starts above 75k.

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