After my last update btc has gone down from 67k to 56k but now back up above 64k. I was waiting for a reclaim of some key levels like 64850 but btc failed to maintain PA above 64k for now. Overall I still believe we are in a choppy period that will last for around 3 months overall. No big move will come. It's gonna be a range. From here I expect btc will keep chopping and eventually go to retest 48.6k the golden fib level of previous cycle. There are many confluences in that area such as Weekly 50ma and Ema , monthly 10Ma ,
High to low 0.618 fib At 48.6k
Low to high retracement 0.5 fib level at 45k
Monthly ichimoku at 45k
These are some of the indicators that have always a given a strong bounce to BTC in its history. So a choppy period followed by dump to 48.6k levels is still the main play for me.
Invalidation would be clear break above 72k along with crossover of EMa's.
Good luck
@_Trade_Bully_@tradermike1234 The idol risk should be 1% so with 58% win rate at a scale of year you are just underperforming SNP won't it be better off investing in index and make it without the stress of it ?