If we drop below 3075, either it would quickly drop more to 3000+ or quickly get rejected. Either way, the longer term would still be bullish.
Although the drop to 3000 would take some time to reconsolidate...it really all depends on the macro context, remember this is all based on sentiment and future outlook...if the future starts looking bleak, expect that to...
If miners that shutdown can ramp up and economy can get going, then gold will start to move. If it can't get above 1800 and establish a base, then it will drop and form a massive handle , setting up a future breakout.
Bitcoin is setting up to realize a continuation move from a bearish flag. All the signs are there, the Volume Well on the profile is a slippery slope, with some past support afforded by a nipple shelf smack dab in the middle of the well. I threw in a fib retracement for the pleasure of you numerology weirdos, but it doesn't come into play.
These are signals for this session only, until 8PM tomorrow Oct 1. after that they are invalidated. If one or more is triggered, we will follow that trade for no longer than 4 days.
The signals were generated by PatternCast a type of AI Pattern Recognition system.
We absolutely crushed it with a short on the day Bakkt was released, and today we caught a nice little short and are currently Long with a high potential trade, according to our signal service at patterncast.com
PatternCast is a pattern recognition technology that presents high probability trade scenarios. We have recently made available to the public our crypto version, after a year of incredible success with our traditional markets version, which provides signals for futures, forex and stocks. Check it out at patterncast.com