I like posting charts like this regarding short-term time frames as the pressure is there for the chart to be correct(as I am posting this publicly)
Waves, reached a significant high recently and is experiencing a pullback as profits are taken(and shorts are opened) - using Fibonacci and thousands of hours of chart time, I would expect waves price action o behave something like this chart. *Imortant* - if BTC makes a significant move upward this chart likely will be invalidated*
* market makers have the ability to push price upwards to take profit on the liquidation of shorts (when they mark price down after quickly marking price up) - of course this goes for long trades as well inversely
* I am not recommending the reader make trades around this chart of course, however if the chart is correct it could be used as validation for future price action
Good luck everybody
Waves, reached a significant high recently and is experiencing a pullback as profits are taken(and shorts are opened) - using Fibonacci and thousands of hours of chart time, I would expect waves price action o behave something like this chart. *Imortant* - if BTC makes a significant move upward this chart likely will be invalidated*
* market makers have the ability to push price upwards to take profit on the liquidation of shorts (when they mark price down after quickly marking price up) - of course this goes for long trades as well inversely
* I am not recommending the reader make trades around this chart of course, however if the chart is correct it could be used as validation for future price action
Good luck everybody