Short
Perhaps the key trap to the 2nd knee of a flag
Happy Friday, Dear Swing Traders!
Indeed, the 4th of May 4-hour trap might be now the key one not only in terms of the nearest target but also concerning the end of a whole cycle. As we can see, we've got the true break of a massive correction channel to the 1st, we assume, knee of a "flag", the length of which - 36000 dollars. The price broke the lower border @37K, so in a correct irrational vision of the market we are to look aggressively at the potential final target of 5% of the market participants with the most massive money in their accounts. This goal - around 1K for 1 BTC.
Yours,
ICBF Swinger Dagmar
Indeed, the 4th of May 4-hour trap might be now the key one not only in terms of the nearest target but also concerning the end of a whole cycle. As we can see, we've got the true break of a massive correction channel to the 1st, we assume, knee of a "flag", the length of which - 36000 dollars. The price broke the lower border @37K, so in a correct irrational vision of the market we are to look aggressively at the potential final target of 5% of the market participants with the most massive money in their accounts. This goal - around 1K for 1 BTC.
Yours,
ICBF Swinger Dagmar
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.