LEG
FOLLOW RENGE IN SHORT-TIMEIn short-time with low stronge tend bearish ... lets to RENG to resistance
BTCUSDT - LongTerm Analysiss $84k Hi Traders & Investors
In financial markets price movements always repeat them selfs
its kinda foot prints of big financial companies and simply; huge money flow
if you take a closer look at major movements of btc price you probably notice those big major legs( black arrows )
for now i think after the correction that we have ahead of us another big price movement start and i think around 54k is the start of the next major move and around 84k will be the end of that movement .
also the fibo extension of the last major move (1.272) shows us $91k is target of the next leg .
what you guys think? are you agree with accuracy of major movements ? Im personally believe in them and i think they are so accurate.
GodBless
INVH consolidating again before the next move higher?Recently INVH had an explosive break out from the $38 resistance. With tonnes of volume following even after the break.
Now that volume is slowing down, it seems like INVH is in consolidation mode again.
Will it give another leg higher? No one can be sure; but judging from the technical performance $39.50 seems to be support.
Thoughts:
* Volume is relatively calming down
* Seems to be consolidating before the next move higher
Trade idea:
* Look for buying opportunities around the $39.40 to $39.50 area
OR
* Wait for a break and close above $40.20