Still chopping inside this range and not getting excited about any bullish moves until we pop above 9540, where i'll look to add more BTC to my portfolio.
As mentioned inside our discord, we feel this is the area we will range in, with one potential last shakeout down to 8.6 to liquidate any longs and start another substantial move up.
On the 4h, we're flirting with ichi base line resistance & 38 fib level resistance @ 9.3.
Supporting a temporary move up is the MACD, which is showing a potential move to the upside, however I don't think we'll get that this weekend.
Still looking at 9k as a local support and 8.6 as the bottom where I''d look to long if we get there.
Outlook Currently - Neutral
As mentioned inside our discord, we feel this is the area we will range in, with one potential last shakeout down to 8.6 to liquidate any longs and start another substantial move up.
On the 4h, we're flirting with ichi base line resistance & 38 fib level resistance @ 9.3.
Supporting a temporary move up is the MACD, which is showing a potential move to the upside, however I don't think we'll get that this weekend.
Still looking at 9k as a local support and 8.6 as the bottom where I''d look to long if we get there.
Outlook Currently - Neutral
Trade active:
The corn still very flat on the 4hr and the daily and no real signs of a clear direction at this stage. We're stuck right in the middle of supply and demand.
Standing by our previous TA that we are looking for a clear break above 9570 before we get too excited.
We're just...lingering right now, but as we've seen in the past, it's often the calm before the storm when things move sideways for this long, so still watching closely.
Where do we all think we're headed?
Up, or down
Standing by our previous TA that we are looking for a clear break above 9570 before we get too excited.
We're just...lingering right now, but as we've seen in the past, it's often the calm before the storm when things move sideways for this long, so still watching closely.
Where do we all think we're headed?
Up, or down