Btc hits my macro T2 target at 78k - Retracement incoming?Bitcoin / U.S. dollarBITSTAMP:BTCUSDStrangely-accurateOn April 13th I suggested Btc could bounce to my bullish target (green T1), and I would be watching for a swing failure pattern. The bulls are happy to know that the potential swing failure was invalidated (bullish sign). As I mentioned, if Btc holds support above my bullish line in the sand (green T1) then I remain bullish and red T2 would be invalidated (for now). April 13th chart: Although I am overall bullish (above 73K), I remain cautious for a retracement from yesterday's high at $78K, because Btc hit my macro T2 target (78-80K)...from my Feb 14th larger timeframe chart. Today's chart is only a thought experiment. Now that all my up and down targets have been hit since the 60K low, things can go either way from here. Either pump above 80K (after this current retracement) or crash to swipe below the current cycle low at $60K. Both of these scenarios have been seen in previous cycles when Btc is at this point in the cycle. May the trends be with you.