- As liquidation areas are visited, price drops back down, retraces back up just to fill the price imbalance before continuing to for a new low. - The latest price action is similar to the previous, and there is a very good likelihood that the Bitcoin price will create another major new low - Also take note of the fake out in the ascending channel to trap...
1) The price channel (white) reveals that we’re only halfway to the next major bounce on the daily chart. With boycotts gaining traction and sales projections looking bleak, the stage is set for more downward pressure. 2) Looking back at the last significant downward swing ( purple ) within this channel, history could repeat itself with a drop of similar...
Hey traders, - As you can see, the price recovery from March 11 to March 18 ( blue line ) has experienced a challenging rally, taking significantly longer than expected and still failing to fully recoup the losses from the price drop between March 9 and 11 ( purple line ). - During this period, there were minor rallies, but the bears consistently clawed back...
EURUSD looks like it is losing momentum. - Targeting the second support zone around the 1.05 area. Let me know what you guys think.
Interesting Bitcoin price is forming a fractal pattern. As above so below? Let me know what you guys think and comment below.