As mentioned here multiple times BTC has been forming a 25% range repeatedly for quite some time. While there is no way to know when these will come the chart is giving some indications we may be creating one now off the current high.
This is a daily chart and looking at the the current high and pulling the 25% range we see nice confluence with the 50% retrace area on the current swing that aligns with the macro up trend.
May or not brake down but if it does will likely be an excellent buying oppertunity at the momentum curve. Until the curve brakes the trend is intact
Trade Well....
Your Friend,
Degen
This is a daily chart and looking at the the current high and pulling the 25% range we see nice confluence with the 50% retrace area on the current swing that aligns with the macro up trend.
May or not brake down but if it does will likely be an excellent buying oppertunity at the momentum curve. Until the curve brakes the trend is intact
Trade Well....
Your Friend,
Degen
Comment:
