Short thesis:
- Daily inverted cup & handle pattern
- Bearish golden cross formation on EMAs
- Daily technicals flashing weighted sell signals (oscillators, pivots, moving averages)
- Validated retest of daily higher lows
Price Target: $41-42K range into next week
- Daily inverted cup & handle pattern
- Bearish golden cross formation on EMAs
- Daily technicals flashing weighted sell signals (oscillators, pivots, moving averages)
- Validated retest of daily higher lows
Price Target: $41-42K range into next week
Nota
break/hold of 0.236 Fib @ $45,718 critical to validate $41-42K range this weekNota
Should now test Daily HL which is sitting right above 0.382 Fib level of $41,772Nota
Daily HL has been tested and printed 40,600. Suspect we might now revisit Sept HL around 39,500 which is a local demand zone + srong 0.5 fib support level. This is where I'll likely close shorts and take starters on longs especially alts that have showed relative strength. Potentially a huge leg up after this distribution has been absorbed by demand. Best to be patient and validate through price action.Trade chiuso: obiettivo raggiunto
Shorts closed @ $39.6K and took long starters
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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.