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
Not
break/hold of 0.236 Fib @ $45,718 critical to validate $41-42K range this weekNot
Should now test Daily HL which is sitting right above 0.382 Fib level of $41,772Not
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.İşlem kapandı: hedefe ulaştı
Shorts closed @ $39.6K and took long startersFeragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.