If you include the wicks (unlike my chart from last night) it looks like we have a symmetrical triangle forming above the larger triangle
The current price actions seem to be toggling around 3580 for some reason. Maybe a monthly OPEX pin or something.
It would seem that the market is in a state of complete indecision. Its positioned to literally go either direction and not surprise anyone.
Its easy to argue the market is overbought and poised to plummet and just as easy to argue the markets is holding its highs through a ton of bad news
and could explode higher if the tone changes. So for now I continue to trade small and take profits quickly when I do.
The current price actions seem to be toggling around 3580 for some reason. Maybe a monthly OPEX pin or something.
It would seem that the market is in a state of complete indecision. Its positioned to literally go either direction and not surprise anyone.
Its easy to argue the market is overbought and poised to plummet and just as easy to argue the markets is holding its highs through a ton of bad news
and could explode higher if the tone changes. So for now I continue to trade small and take profits quickly when I do.
