Gooding morning traders!
Welcome to a new week!
As spoken about last week the stacked retail orders were swept! These stops are EASY to see for the average investor, don't you think Whales and institutions can see this as well?
After the sweep we have returned to a key area-and personally I am not willing to call which direction we will move, but have highlighted my 2 main forecasts....
Firstly we could mitigate this breakout range, if we do I can see price heading higher and targeting the region above.
If this doesn't happen, I expect a deeper pullback towards the 40k price level, again taking out those retail orders, at this point order books will be cleared a a clear direction can be set again.
As always trade safe!
EnvisionEJ!
Welcome to a new week!
As spoken about last week the stacked retail orders were swept! These stops are EASY to see for the average investor, don't you think Whales and institutions can see this as well?
After the sweep we have returned to a key area-and personally I am not willing to call which direction we will move, but have highlighted my 2 main forecasts....
Firstly we could mitigate this breakout range, if we do I can see price heading higher and targeting the region above.
If this doesn't happen, I expect a deeper pullback towards the 40k price level, again taking out those retail orders, at this point order books will be cleared a a clear direction can be set again.
As always trade safe!
EnvisionEJ!
Comment:
Good Morning* :D
