Goodmorning all,
Regarding my latest post, course is walking sideways forming a little triangle were it first broke down and then it move up like a renewed break-out. I see that often happening with rising and falling wedges. First a break-out/down to be followed-up by the correct move regarding the specific wedge. Anyway, those rectangles in the chart, in my perception were manipulated to rekt all shorts. Number of exchanges is big and there will be a shake-out coming. To manipulate course to rekt margin sell orders is lucrative.
Although I still believe in a course fall down around the Fib-level of 1,272 in retracement or around $5550. Thereafter a consolidation before a new market cycle will start. But I could be wrong. This is NOT an advise to sell or buy. Make your own decisions. Save trades.
Regarding my latest post, course is walking sideways forming a little triangle were it first broke down and then it move up like a renewed break-out. I see that often happening with rising and falling wedges. First a break-out/down to be followed-up by the correct move regarding the specific wedge. Anyway, those rectangles in the chart, in my perception were manipulated to rekt all shorts. Number of exchanges is big and there will be a shake-out coming. To manipulate course to rekt margin sell orders is lucrative.
Although I still believe in a course fall down around the Fib-level of 1,272 in retracement or around $5550. Thereafter a consolidation before a new market cycle will start. But I could be wrong. This is NOT an advise to sell or buy. Make your own decisions. Save trades.
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Still on track!