BTC Update
Current formation - Straight triangle flag, a lot of sell orders placed exactly at $24600 and looks
like the 0.66 FIB did it AGAIN!
Personal opinion is that we will stay in this formation for a while, the projections of the price
exiting this triangle make sense on both sides, i guess we will need to re-evaluate for a more precise
direction a bit later.
For now i strongly believe that twe will play the formation hence , the long idea in the chart.
What can invalidate this chart :
- Major selloff caused by x hidden reason
- Core PCE Price index MoM forcasted at 0.4 to be absolutely smashed(low probability)
In any case, i will keep you posted with updates!
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Disclaimer
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