The Bitcoin Playbook: Oct 18 2021

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I've got two potential paths for bitcoin over the next 24 hours.
Both involve a retest of the local high due to bullish momentum.
Will be monitoring for a potential reversal lower,
otherwise I've already got my stop limit TP order in place.
GL all 🙏

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ملاحظة

Currently consolidating in an expanding wedge on the ltf.
I'm now looking at the possibility that we put in a higher high today, before falling quite a bit.

١٨ أكتوبر ٢٠٢١

ملاحظة

Price fell through the bottom of the wedge and is now moving back upwards.
Taking the slope of the low that was broken and applying it to the top side of an expanded wedge. Target in confluence with .272 extension.

١٩ أكتوبر ٢٠٢١

ملاحظة

Looks like we're moving north again, but did you see that wick on the 1-min? Massive stop loss hunt. This is why I'm staring at one minute candles all day instead of putting stop losses on half of the time.

١٩ أكتوبر ٢٠٢١

ملاحظة

The exact 1:1 extension of this abc move lies at the tip of the blue line.