everyone thinks $btc just pumps all weekend and you hold through monday but actually this 83.2k confluence is a rejection trap that could wreck a lot of late longs.
ngl the worst feeling is fomoing a friday pump then watching it reverse hard into asia open and giving back the whole week. that's how traders keep getting chopped on these weekend moves.
we're heading into the weekend and the retest still hasn't happened yet. expecting $btc to grind up through sat and sun then tag 83.2k before asia open monday. that's the 0.682 fib sitting right on the mvwap so it's a stacked zone for a potential rejection.
took a small long from here targeting that area above. but if you're chasing size into this, 83.2k is where people get greedy and pay for it. $eth usually copies these $btc weekend pumps so the same risk applies if you're in the majors.
anyone else watching 83.2k as a fade or you riding it through?
#BTC #Bitcoin #PriceAction
ngl the worst feeling is fomoing a friday pump then watching it reverse hard into asia open and giving back the whole week. that's how traders keep getting chopped on these weekend moves.
we're heading into the weekend and the retest still hasn't happened yet. expecting $btc to grind up through sat and sun then tag 83.2k before asia open monday. that's the 0.682 fib sitting right on the mvwap so it's a stacked zone for a potential rejection.
took a small long from here targeting that area above. but if you're chasing size into this, 83.2k is where people get greedy and pay for it. $eth usually copies these $btc weekend pumps so the same risk applies if you're in the majors.
anyone else watching 83.2k as a fade or you riding it through?
#BTC #Bitcoin #PriceAction