fundamentally i believe we will see 220% retracement perfectly on the weekly retest / highlow.
this is in perfect correlation with bitcoin.
We will most likely need to see BTC break 42k before we truly know where the sentiment lies . however the more liquidity that flows into the market the more volatile these moves will be . whales with open sell positions are manipulation these drops in order to fill positions on smaller accounts be prepared for some pretty rocky sloped over the next few months as most positions will take likely take time to develop causing the short term panic with short term traders causing only the long term perspectives to really grasp the true dynamic at play here.
Its all Physiological fundamentals . see open red candles think " where can i buy " and when you see huge green candles think " where will it be for me to get the lowest possible price ".
use key levels for understanding where markets may move to especially being in a range from a weekly high. proper market shed aka (retracement ) are proprietary to a healthy market environment . remember this when adding to your portfolios.
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