Interesting inflection poin here on the Bitcoin hourly chart. We initially had a look above range and fail which prompts a trip to the opposite end of the range and now have done the same on the opposite side. We need to look to the slightly bigger picture and we can see boxed off the initial look above and fail was the beginning of the next leg lower. The price projection would be an equal range to the first green box.
This is welcomed news for equity bears to see any type of liquidation as it can prompt liquidation in other assets as well.
This is welcomed news for equity bears to see any type of liquidation as it can prompt liquidation in other assets as well.
Note
still valid
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.