Hi.
I've been very busy and couldn't post more.
Not going deep in techincals as I'm using my smartphone fore this idea.
I don't know how many times I've seen this false break-outs to either direction.
Btc should consolidate within 7850-8050 range during the weekend.
People who day trade might want to buy at GREEN zone (7820-7870). And RED zone (8200-8240) should be for sell orders. Red line is for possible spike.
If we break below that triangle, get ready for stretched out downside action. Idealy I would like to see 5200-5600$ range covered, 0.618 of recent parabolic wave up. By any means, it would be smart to wait for 30-40% decline to accumulate more cheap alts and hodl with limited risk.
Have a great weekend.
I've been very busy and couldn't post more.
Not going deep in techincals as I'm using my smartphone fore this idea.
I don't know how many times I've seen this false break-outs to either direction.
Btc should consolidate within 7850-8050 range during the weekend.
People who day trade might want to buy at GREEN zone (7820-7870). And RED zone (8200-8240) should be for sell orders. Red line is for possible spike.
If we break below that triangle, get ready for stretched out downside action. Idealy I would like to see 5200-5600$ range covered, 0.618 of recent parabolic wave up. By any means, it would be smart to wait for 30-40% decline to accumulate more cheap alts and hodl with limited risk.
Have a great weekend.