Today's five-minute TF and working out the targets for BTC from our indicator 🤌.

The#BTCrate updates ATH, reaching $93,000. And already even higher - $93,265. There is no point in even mentioning the start of the correction, while both the 5-minute and 15-minute TFs are in a stable uptrend. Shorting even before these signals - 100% probability of burning the deposit.

Well, that was very fast, and even too fast 😅. This does not cancel the expectations of the range start on November 17 or 24. But the range will probably be different.

There is also no point in guessing what the high will be at the time of the probable start of the range, since the ascending trend from the highs of the last cycle has been broken (indicated by the dotted line) and there is “pure space” at the top.

We remind you of important points regarding working with the P73 Trend & Target Dynamics indicator during the period of active market growth:

1. A change in background/stable trend to uptrend - becomes an even more important trigger for making trading decisions. You will be able to take large growth movements on them. Stable downtrends are more likely a period for pending orders to buy on basic/additional correction targets.

2. Additional targets of a sustainable uptrend - become even more important and achievable. This example of a 5-minute TF for BTC shows this well.

3. Signals of a potential trend high as leading signals (as opposed to changes in a stable trend "in fact") will increasingly act as a signal not for a reversal, but for the beginning of consolidation before continuing growth. This is also visible on this chart. There will be more such signals and this is not necessarily a sign for a short. More often, this is a sign that the bulls can temporarily take a break. If the high of such a signal is rewritten and the trend has not changed, wait for the next targets to be worked out.

4. Signals of a potential trend low, on the contrary, will appear less frequently and these are signals to potentially good entry points. Especially if this signal appeared during a stable downtrend. And such a signal in a stable uptrend is, as an option, an opportunity to buy more to the current position or enter when you missed the transition to a stable uptrend.

On the bear, as you understand, everything will work the same way, but with a mirror correction according to these additional rules.