We will have to see what is gonna happen in the next 2 - 3 weeks.
We could get a blow off top in Bitcoin and traditional markets to trigger a drop...
Crazy times in the Macro Economic world, Big shifts in Finance could change the way markets react this time around...
I always base the movements on Emotion (Fear and Greed) . With voices on every outlet...
The last couple of weeks were truly boring as BTC has been stuck inside a range.
This range reminds me of the previous two consolidations around 40k and 30k.
The longer the consolidation, the more aggressive the movement would be after the breakout. So be prepared!
i- The first question is... which way?
Scenario 1: Trend Reversal
For the bulls to take...
XAUSD SELL INCOMING BE READY
SELL WHY??
1. PIN BAR REJECTION IN LINE WITH THE DOWNTREND
2. REJECTION ON KEY LEVEL
3. REJECTION FROM 21 MOVING AVERAGE
4. FORMATION OF SHOOTINGSTAR CANDLESTICK ON DAILY TIMEFRAME.
REMEMBER, LONGER THE WICK. STRONGER THE REJECTION.
VERY NICE RISK:REWARD.
GOOD LUCK TRADERS!
I work in the Santander Group internal offices.
Today on the dip was a discussion about crypto, talking about BTC , ADA, DOGE, CHZ , the Barça token, Polkadot and REEF.
Executive managers talked about purchase around $70 M in BTC, ADA $10 M, DOGE $5M, CHZ $5M, BAR $10 M, Polkadot $60 M and REEF between $30 - $50M
Be ready.
