We might have a solid pump toward 30K before middle of 2023
What happened last week?
-A pump that has the 2nd largest short liquidation since 2020
-21k just hit the log view declining trend line since ATH of 69k
-21k is the local GP(0.618) from 25k
-4h divergence starts to appear
What will happen next week
-We might have a sharp retrace towards 18.6k-19k
-If that is confirmed as wave 4, there is another wave 5 pump ahead
-My guess the wave 5 top should be around 23.1K which have 100B short liquidation waiting to be punished.
Execution plan 1
-Short from here and take profit at 19k
-start longing again, TP should around 23.1K
Execution plan2
-wait till price reach 22.5k which gives us a divergence on higher time frame and start shorting
-taking profit at 19k
-A pump that has the 2nd largest short liquidation since 2020
-21k just hit the log view declining trend line since ATH of 69k
-21k is the local GP(0.618) from 25k
-4h divergence starts to appear
What will happen next week
-We might have a sharp retrace towards 18.6k-19k
-If that is confirmed as wave 4, there is another wave 5 pump ahead
-My guess the wave 5 top should be around 23.1K which have 100B short liquidation waiting to be punished.
Execution plan 1
-Short from here and take profit at 19k
-start longing again, TP should around 23.1K
Execution plan2
-wait till price reach 22.5k which gives us a divergence on higher time frame and start shorting
-taking profit at 19k