Bitcoin is rallying from the 30k level/mirror pattern. Like I said previously we could quite easily rally strongly from here to form an all time high double top. Next stop 40k?
So here we have formed what looks like a potential mirror pattern at the 30k level. This could easily create a huge move higher in a short space of time, i'm talking 1-2 days so be careful. If we break below the pink line clearly then this pattern is invalidated. Check out my youtube video for a full breakdown in more detail.
I'm expecting a move lower on the Sp500. It is long overdue but I am not going to try and trade the top, I believe the rally up into new all time highs AFTER the strong drop in price will offer up the biggest risk reward. So right now waiting for the drop. Stay tuned :)
It looks like we are setting up for a nice sell trade on USDCAD if we hold these peaks. Checkout my latest youtube video for a full breakdown.
It looks like we are going to retest the 30k level again and possibly fake it out before we can think about longs. We are bouncing fromt hat 30k round number and this could be an opportunity to short if we keep creating bearish candlesticks. Where to BUy? Stay tuned :)
Looking like the next stop is the 30k level. Thoughts?
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