after noticing there was a failed higher...I anticipated bitcoin to show it weakness...investors took profit at that level....now new investors should step into the market for a new bull run... fundamentals on bitcoin should be taken seriously as it approach my areas of interest for buy
Jpy market has attracted more investors with it hike in interest rates and now heading close to previous turning points which might be a place for taking profit for those in long term buys. Will investors take profit or still hold onto jpy strength
THESIS part 1 on the daily chart the trend seems to be up on the 4hr andart the market has been on a deep pull back after the recent higher high on the daily chart I either decide to take an intermediate term trade for sells or go after the short term moves which is pull back buys
Daily chart is bearish and price is at weekly ob...current price has been used by buyers to push prices higher in the past.... Price will therefore likely act as a poi. If sells continue market will target monthly support.... Be adaptive to the market. 4hr chart is bearish and hence a sell trade makes sense until 4hr lh is breached
am shorting because on 1hr sellers aggression is responded by weak buyers confluence by a good level of resistance at 125.48