I'm sure everyone is now knowing a big move is imminent. However the question is, which way is price action going to go? Studying BTC against the Euro helps a lot as I believe the dollar is seeing increased volatility (more than BTC!) against other currencies, and the Euro seems to provide stronger signals at the moment. Also the money flow index is a fascinating oscillator to study, especially when looking left. The purple circles above indicate the last time MFI touched 11, you can see a fall in price action followed. Perhaps this time is different.
Following the correction we need between 15 & 25 days to see higher lows on the MFI before price action recovers. Historically speaking the month of August has represented some of the best times during the calendar year to take a position.
Following the correction we need between 15 & 25 days to see higher lows on the MFI before price action recovers. Historically speaking the month of August has represented some of the best times during the calendar year to take a position.
Trade closed manually:
Big move complete. Look for support around €16k
BTC
bc1q2eckdzh0q8vsd7swcc8et6ze7s99khhxyl7zwy
Weblink: www.patreon.com/withoutworries
Allow 3-6 months on ideas. Not investment advice. DYOR
bc1q2eckdzh0q8vsd7swcc8et6ze7s99khhxyl7zwy
Weblink: www.patreon.com/withoutworries
Allow 3-6 months on ideas. Not investment advice. DYOR