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Big Boy took profit early this morning.
Damn, Big Boy got trapped long on Monday.
If it weren’t for that “yellow hair” and the U.S. Federal Reserve releasing bearish news on Monday, Big Boy would’ve already broken through.
On Monday at 9 p.m., afraid it would poke out like a pin and run the stop, I set my stop loss a little lower.
After adding to the position for several days and making a decent amount of profit, I ran first.
Right now, Big Boy’s setup is pretty much the same as the pattern I told you yesterday.
On the 12-hour timeframe, a W formed.
But this spot is kind of awkward.
That W hasn’t broken above 65,000 yet.
Only after it breaks will the room for the move up open up.
ETH is the same too—ETH’s resistance at 1,900 still hasn’t been broken.
Right now, it’s a weekly-chart bounce.
So it’s still a “go long on the pullback” situation.
The weekly resistance is around 70,000.
From the liquidation map, the weekly 72,000 level could liquidate 3 billion.
I expect it to rebound into the 70,000 to 72,000 range $BTC