I am starting to believe in this structure.
Hit Target X - $52,500 and Dropped to $49,000 as forecast and got some nice low margin entries as a result. This move is further evidence (see linked idea) to support the next move up to $54k (Target Y) over the next few days.
- trading next 48 hours : expecting the trend to be up with some chop on the way on the 4hr timeframe.
- a break down from here would invalidate the structure but it does not necessarily mean we shift below $40k
Best, Hard Forky
Hit Target X - $52,500 and Dropped to $49,000 as forecast and got some nice low margin entries as a result. This move is further evidence (see linked idea) to support the next move up to $54k (Target Y) over the next few days.
- trading next 48 hours : expecting the trend to be up with some chop on the way on the 4hr timeframe.
- a break down from here would invalidate the structure but it does not necessarily mean we shift below $40k
Best, Hard Forky
Comment:
Looking at a few of the ideas on TV from other folk there still seems to be either a moon or dump bias - Perhaps i'm sitting on the fence with his idea.
Comment:
Powell just blew it up
