BTC (Y21.P1.E19).Likely price action
Updated
Hi Traders,
This fractal is still likely to play out, similar to the 42k -30k price range.
Also note, that this was a bigger rejection in terms of speed of the drop (over time)
I noted that we hit another goldern ratio level as well, chart below.
Other elements that are holding crypto back. US Dollar having a few days of strongly held level but is likely in the medium to long run make more lows.
I'm still bullish people and although we are likely to lose the daily 20 or 21 Ema, we did that with the 42k -30k price range as well.
The daily trend is intact however the others are not eg we have not regained the 4 HRLY trend.
Note the MACD on the daily and Phoeix indicator still below 50% on the daily.
All the best,
S.SAri
This fractal is still likely to play out, similar to the 42k -30k price range.
Also note, that this was a bigger rejection in terms of speed of the drop (over time)
I noted that we hit another goldern ratio level as well, chart below.
Other elements that are holding crypto back. US Dollar having a few days of strongly held level but is likely in the medium to long run make more lows.
I'm still bullish people and although we are likely to lose the daily 20 or 21 Ema, we did that with the 42k -30k price range as well.
The daily trend is intact however the others are not eg we have not regained the 4 HRLY trend.
Note the MACD on the daily and Phoeix indicator still below 50% on the daily.
All the best,
S.SAri
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hit my first likely target...lets see if this gives a good bounce for a high leverage trade.Comment
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hit my target on the shortComment
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dxy USD still going upComment
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