Hello, everyone!
Bitcoin price is consolidating just above my yesterday's long entry. This trade is so risky because in my opinion the high is gonna be very close to the current price. I pointed out earlier the wave 5 target at $29600, but maybe BTC will squeeze above $30k.
On the chart we can see the very nice trend channel. After the FOMC meeting price formed the deviation below it, but after that returned back inside. Now it's trying to break down the lower band again, but I suppose it's just to make scared a lot of traders. In my opinion price should form the same deviation above $30k. Just imagine how greedy could be people above $30k! Market maker can distribute a lot of Bitcoins at such high price before the last bearish dump below $15k.
Best regards, Ivan
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