Indeed it has been a few months since my last analysis on $BTCUSD.
I recall my Nov20/Dec20 sentiments (link to idea below) — whom BITSTAMP:BTCUSD smashed in the face promptly, retracing 23.6% to $14.5k, before rallying to new ATHs ($42k).
And when $BTC rallies, I dare not put a pin on its strength, because it is such a mighty, unpinnable beast.
But alas, even the beast is grounded within days by a certain Janet Yellen, insinuating stricter regulations on crypto.
She may have won the battle, but the war, my fellow fools (if I may address us all correctly), is far from over.
Corrective Wave , on the Cycle degree, underway. TP: $18.4k (61.8% fib level). Risk/reward: 40% probability.
Corrective Wave (A), on the Intermediate degree, underway. TP: $27.4k (32.8% fib level). Risk/reward: 65% probability.