Hi. Even though the expectations for a stop around 53-54K did not materialize, I want to remind you of something. Every time the monthly stochastic showed 100, it reversed. 82 is a classic FOMO. The monthly volume bar is down. Do you have any idea how big a pin this thing could be? Stop looking at the 4 hour chart.
Bitcoin should close a red candle on a daily basis tomorrow, in this case, it can move in a logical direction on a monthly basis. With Blackrock coming in, the market is just looking for liquidity
nsa234dnow11
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The 24 EMA shows the ceiling of the move on a monthly basis Always weekly and monthly actually shows a movement. The previous ceiling was 30k and it has been revised up to 24k. If we look again at the weekly, it again shows the ceiling and correction
averkie_skila
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@nsa234dnow11, That's what this chart is all about. Now we will see if the monthly candle forms a pin for the rest of the month.