CPR
Link Upper targets. Patience on entry for safetyWhen is link not bullish right? Anyway with its current posture it looks like it might go down a couple or few bucks before moving. Some confirmation for bullish momentum would be regaining that L3 and/or P(pivot) purple levels. above those it will have more bullish movement. Targets 28-29 or H4-H5-H6 on daily and weekly levels
Hard correction for btc in coming days. but from where?The weekly pivot like the monthly pivot once plotted has a high frequency of being tested. Even if that is a flash crash to the level. Currently, that retrace sitting at around the 37k at this moment. So a couple things could happen
We start correcting early today and tomorrow. This is more bearish because the level is not locked in and the developing weekly pivot will get lower with the price and end up being lower than 37k
We go sideways and then correct to about that area (too easy)
We pump more before weekly close and potentially correct (the same amount) but from a higher value to a higher developing pivot.
So watching what btc does in the next day in the half will be pretty telling. Remember the levels are not locked in until the weekly closes
GOLD XAU (before you get too bearish)These are the yearly pivots and CPR on gold. levels plotted at the start of the year. For over 2 decades nearly gold has generally hit its new yearly pivot in Q1 (if not then... at some point anyway) It seems as though since it is testing the new yearly pivot from above. that falls in line with some of the greatest run ups gold has ever had. Just food for thought
BTC heads upBoth daily and monthly incoming pivots which usually always get tested are coming in around 35k area. and that is igorinng the untested yearly in the low 20ks. So if you are bullish it might pay to wait. because we will visit them unless price gets far away from this area by the daily close