The market maker may want to get one final flush down to 38k to backtest the January low and flush out all of the long leverage just before they pump the markets. BTC can still flash crash and then turn around and pump within the same weekly candle, avoiding braking the bullish structure. High target could then be 88k to 96k.....
Team speaking at CosmoVerse conference in Medellin today - Expecting large moves.
Narrative building for this across multiple accounts.
Have just seen reclaim after bouncing off the upper band resistance - has yet to break weekly.
To my mind this is a good R:R play to follow narrative. If good new - should see break of upper resistance, else comes up short and...
In order to go long:
I want to see COINBASE:BTCUSD push through the .5 fib convincingly as well as test that incoming pitchfork after yesterday's doji candle. You can see that I have overlayed BTC shorts on the same chart. They were inching up earlier, but have resumed the floor it's been testing.
The AMEX:SPY seems confused going into the weekend (won't let...
Ive posted many charts with different insights on each but wanted to sum up why this will rocket hard just based on technical analysis. Everyone was scared when the SEC had the case against ripple, but based on the chart, the move was 100% accounted for and doesnt look like a selloff AT ALL. If youre like me, you know many things are planned, and the world is in...
