With an increasingly strong dollar and crude oil prices on the move there's some belief the Fed could need to move faster on rate hikes than previously planned. This should be a net positive for BHVN assuming. Were hoping most of the rout from XLV and IBB will clear soon against the backdrop of a strong dollar.
As a war game, there are base points to be defended by the owner.
Armies will fight to gain control of these points.
The stronger side takes the base point and attacks the next forward point.
The weak side just try to defend, back to the next base.
The points are the known resistances and supports.
Strength is measured by the result of each action.
If this one bar doesn't stop the drop,
gonna go to sleep.
Because it will be either the bulls from now on
(It's the last chance for bullish run)
the bears will drop to 6999(IMHO - possible, but unprobable) or less.
I personally believe in this soldier
and so should you(was watching closely 7200 all day - I'm telling ya - it's a TOUGH NUT, the bulls are with...
I am a noob so i wrote everything in the chart.
But now for real, most important will be the BTC movement, It seems like we are in that phase again when alts are waiting for BTC to action (fall, mainly).
On the other side, XRP pretty nicely, and I believe that fundamentaly ETH have a space to grow. Also talking about Binance analysis, when the predicted BTC...
an iddition to my post below in the comment section!
BTC is really fighting with these god damn 61,8% Retracement-Levels and lieks to sell them.
In addition, we still have a bearish market forming lower highs at 200 Moving Average.
Will we defend 7.000 and stay inside that range?
Or do we finally break out of this Downtrend?