Local top - ascend to mid-bollinger - descend to lower support
31800-32600 as good exit ranges as price moves up after supply wave, moving to the middle of Bollinger band shown in top right
you may also wait to be rejected again from resistance above (indicated in solid red line for higher exits)
Confirmation of downward move is when the light support line is broken ~29900 (indicated in the thinnest green line)
Expect bounce on the lower support trend - at the lower fib level 23600-24900
Please note the further out the projections, the less confidence we have in them.
Keep in mind the S2F model indicating 100k+ in BTC value and be careful when shorting crypto in correction moves in a bull trend that I expect will go until mid-June
Outline: left is the lowest magnification, which shows prior macroscopic fib retracements in 3 d chart
magnification grows to 1d, 4hr, 2 hr from bottom to top, on the right 3 charts
you may also wait to be rejected again from resistance above (indicated in solid red line for higher exits)
Confirmation of downward move is when the light support line is broken ~29900 (indicated in the thinnest green line)
Expect bounce on the lower support trend - at the lower fib level 23600-24900
Please note the further out the projections, the less confidence we have in them.
Keep in mind the S2F model indicating 100k+ in BTC value and be careful when shorting crypto in correction moves in a bull trend that I expect will go until mid-June
Outline: left is the lowest magnification, which shows prior macroscopic fib retracements in 3 d chart
magnification grows to 1d, 4hr, 2 hr from bottom to top, on the right 3 charts