The reason we do Tech Analysis is the real numbers do not lie!Just fell below 51k. You're looking kind of prophetic. Still waiting until 40k to buy? That was the only thing I may have possibly understood from your post.
BTC Today True Range (So Far) Today 10.155K Remember CME BTC Futures = $5 for every point of move you capture. One CME BTC Contract 10K move times 5 = $50K on a $2,900 per contract margin for 50,000 / 2900 = 17X+ in one day.
Note Previous Support Level 3 Daily Candle Bodies close and open at $40K
the 50 DMA is at 39,800 for an additional target confirmation...
And the 20 Day Simple Move Average True Range (ATR(20)) is now 3740 or $11K every 3 days... The increasing BTC volatility trend is truly your friend.
Don't thank me - thank the Maths and Leonardo Fibonacci da Pisa.
My BTC Buy target and Alts is when BTC Corrects below $40K.
BTC is the tide that floats all ALTs (Rise and Lower)
Just Tagged .5 on the Fib Wave 3 to 4 Extension and .382 (47K 46,700) on the Wave 5 Fib Retracement confirming a move into an A-B-C accelerating correction for the Larger Fractal Wave 2 (Major Waves 1 to 5 equal Wave 1 of the Larger Fractal)...