😤 $Bax needs a heavy breather
Updated
Analyzing #babb or 
BAX on multiple time frames, it's clear that a retracement or a major pullback is necessary.
Pretty much on every time frame it's heavily over-bought, i'm not talking about just 80.BAX is currently hitting like 98-99 ish even on
the higher time frame's, i also caught that there's a major hidden bearish divergence on the higher time frames( 3D and weekly), which is significant
because me that tells me the overall trend will continue, which would be downward.BAX has made a nice run thus far, but it's clear
that it needs to cool off since, again it's pretty much maxed out on the higher time frames. When it finally retraces
i'm expecting a huge retracement to fill in the gaps and imbalances that are left in the market.
Long-term i am bullish onBAX, but it will have a significant retracement.
That's when i'll look to get back into the market.
BAX on multiple time frames, it's clear that a retracement or a major pullback is necessary.Pretty much on every time frame it's heavily over-bought, i'm not talking about just 80.
BAX is currently hitting like 98-99 ish even onthe higher time frame's, i also caught that there's a major hidden bearish divergence on the higher time frames( 3D and weekly), which is significant
because me that tells me the overall trend will continue, which would be downward.
BAX has made a nice run thus far, but it's clearthat it needs to cool off since, again it's pretty much maxed out on the higher time frames. When it finally retraces
i'm expecting a huge retracement to fill in the gaps and imbalances that are left in the market.
Long-term i am bullish on
BAX, but it will have a significant retracement.That's when i'll look to get back into the market.
Note
Note
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likely scenarios for bax.
Note
8.20.23 (update on BAX will be making a video on it later)
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