BitcoinUpdated Bin the Can
Recap: Red 3 on the previous analysis has not been hit and we are flirting with the old Red 1 again. The falling short on Red 3 might make you think that a miss by an inch is a miss by a mile, but not so fast. Money Man recons the chart has kept the old Red 3 target in play for as long as Decision 1 is not breached. So, he is not binning the “current can” just yet.
Conclusion: There is a very real chance that things will quieten down now for a build-up to happen and a resulting flush of volume to come at the clearly defined resulting break. Remember: No guarantees, only probabilities. Very Important to me: Please like if you appreciate the effort, Please comment and develop this further and Please follow if you see this analysis thread going somewhere you would like to know about.
Conclusion: There is a very real chance that things will quieten down now for a build-up to happen and a resulting flush of volume to come at the clearly defined resulting break. Remember: No guarantees, only probabilities. Very Important to me: Please like if you appreciate the effort, Please comment and develop this further and Please follow if you see this analysis thread going somewhere you would like to know about.
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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.