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#BTC + Market Update ✍️
Trying to educate as well as giving you happy printing hope you enjoy.
So as you know I shorted the last $BTC high - $94,500. We took the SFP (swing failure pattern) trade.
This is when price comes above a previous high then back below it and it offers a short opportunity. We ran the 9th December high.
First target and TP1 for me is ~$93,000 - reason being as it lines up with the .618 fib from the $92k low pulled to the $94.7k high.
If we are a strong bounce there will look for a long targeting $96.2k.
If we lose this level I will be looking for $91.4k for TP2 and also looking for a long here again to $96.2k.
If we lose this level top could be in and will be looking for $80k and move SL to entry.
I am treating this as a scalp and will be looking for the long, once I TP on the longs I will probably exit most spot ETH and SOL positions if we reject that $96-98k zone.