Good morning @everyone
I hope everyone saw our announcement last night in regards to the open section of the Discord basically merging with the paid, exciting times ahead of us.
As for BTC, yesterday I did mention that I was expecting some sort of pull back, where I'd be looking for a Fibonacci retracement , but happy to be wrong, we ended up pushing through that downtrend line without that pull back that I mentioned. This is now getting pretty interesting, there is an obvious target above at that level of Supply at 9600 and there are targets below, but the only thing that concerns me with expecting downwards movements from here is FOMO.
The reason I say that is, the alt coin market is doing exceptionally well & some of that sentiment might be flowing into BTC for now, FOR NOW. So if I had to look at some price points above it would be that Supply at 9600, but if we do break down (which is the scenario our indicators are favoring) I'd be looking back around that 9200 level where our downtrend line is still drawn. I'm seeing a some overbought and bearish divergence levels forming on our indicators especially our homegrown Streamroller indicator.
Prepare for both & trade safe
I hope everyone saw our announcement last night in regards to the open section of the Discord basically merging with the paid, exciting times ahead of us.
As for BTC, yesterday I did mention that I was expecting some sort of pull back, where I'd be looking for a Fibonacci retracement , but happy to be wrong, we ended up pushing through that downtrend line without that pull back that I mentioned. This is now getting pretty interesting, there is an obvious target above at that level of Supply at 9600 and there are targets below, but the only thing that concerns me with expecting downwards movements from here is FOMO.
The reason I say that is, the alt coin market is doing exceptionally well & some of that sentiment might be flowing into BTC for now, FOR NOW. So if I had to look at some price points above it would be that Supply at 9600, but if we do break down (which is the scenario our indicators are favoring) I'd be looking back around that 9200 level where our downtrend line is still drawn. I'm seeing a some overbought and bearish divergence levels forming on our indicators especially our homegrown Streamroller indicator.
Prepare for both & trade safe