Now that we've confirmed a new all time high, we can deduce that the previous low completes our last structure. We can now confidently draw some lines
• FIB extension shows 1:1 of $72k BTC.
• GREEN - drawing ice lines on lows and highs shows an ascending wedge pattern.
• YELLOW - from low to high these lines show angle of aproach on previous structure duplicated and not scaled, just placed on current structure with Log scale.
Confluence is 3 fold here! My hands are strong till 72k. My only fear is that this chart is so obvious I think everyone will draw it and whales will break it to keep all the gaming traders guessing.
• FIB extension shows 1:1 of $72k BTC.
• GREEN - drawing ice lines on lows and highs shows an ascending wedge pattern.
• YELLOW - from low to high these lines show angle of aproach on previous structure duplicated and not scaled, just placed on current structure with Log scale.
Confluence is 3 fold here! My hands are strong till 72k. My only fear is that this chart is so obvious I think everyone will draw it and whales will break it to keep all the gaming traders guessing.
I sold my position as soon as we broke down through the trend line and am expecting lower lows. Setting target at 42k support