It's not hard to see that Bitcoin is somewhat fractal and patterns can be predictable. First I'll describe the top right channel, in three colors to represent the subsequent higher lows, which created tighter subchannels. A bounce just now at the dotted red line is a confirmation that the pattern wants to make even higher lows despite small price corrections. The...
Dollar was tracking inversely until they started tracking together. Indicative of Tether tie-in
Today MRNA broke trend as the triangle price action (in yellow) squeezed in consolidation when the markets corrected. So far, the daily chart has been responsive to its fib retracement, most recently finding support at the 38.2% level of 147.66. Based on the sector I remain bullish, with support at 147.66 and resistance at 159.20 (the latter which was proven...