Following the break of the inverse head and shoulder neckline which confirmed our bullish continuation run, retail breakout traders came in full force only for the forces that be to clean the table with a strong attack to the stops.
Todays low has been set and it confirms buy support from yesterdays low.
I am expecting more bullish run to the up-side with plenty...
The pair has just started gaining sell momentum, following the level 1 push 2 drop, i was expecting a range to gather more orders and trap retail buyers.
Typical 'sell high Buy Low' rule within a ranging market (in the correct direction ofos).
Im expecting another strong drop to the downside.
TECHNICAL:
Currently, the pattern shows we are in Level 1, after being confirmed with a break 0.46 USD Cents zone, and is now consolidating before moving upwards towards the next Peak at 0.48 Cents USD.
There is a possibility that price action might continue to consolidate downwards towards the KETCHUP (13 EMA), however, if it does that, it will most likely PIN...
TECHNICALS:
Currently, BTC has completed a Peak Formation High (PFH) with an M pattern and has progressed down to confirm a Level 1 position.
There is a high probability for a good SHORT down towards the MAYO (200 EMA) as well as most likely PIN the BLUEBERRY (800 EMA) before forming a Peak Formation Low (PFL) with a W pattern.
Once it forms the W pattern, we...
