Short term down trend good for (digital) assets & securities, breakout up or down? Let me hear your opinion. Inflation? DYOR & DD, not financial advice.
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James Bond breaking the FIB level, up to 1.594 or retest?
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Rejected at the local high, I expect a reverse downwards to 1.537 (FIB level) retest, would be good for BTC in the immediate short term.
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Breakout, more upside is coming. It retested local high and broke resistance; I expect a lot more upside. Not great for assets / securities but an indication for huge inflation which would be good for the asset and securities markets. I am not convinced that Yields will compensate upcoming inflation. We'll keep an eye out... updates coming next week, it will hang around at this levels until Monday.