Alright, picture this: the price is grooving within what I like to call the "lower price hesitation zone" (yeah, it's got a bit of a funky ring to it, doesn't it?). Check out those uptrend lines racing from a definite low point. It's like watching dancers on a hot streak, moving to the rhythm of the market.
Now, here's where it gets spicy: I'm tuning into the beat of both bullish and bearish momentum on those shorter timeframes, trying to catch a vibe on what the next move might be. If those bears start to slow their roll significantly, it's like they're hitting pause on their groove, and that's when the bulls start flexing their muscles, ready to take the spotlight.
But hey, if those bearish cats start cranking up the tempo within this LPHZ, then it's time to brace for some serious bearish vibes. It's like the DJ dropping a heavy bassline, and you know it's about to get wild.
So, keep your eyes on the dance floor of the market, feel the rhythm of those momentum shifts, and get ready to bust some moves with those bullish or bearish trends. It's all about riding the wave and keeping your trading game funky fresh!
Now, here's where it gets spicy: I'm tuning into the beat of both bullish and bearish momentum on those shorter timeframes, trying to catch a vibe on what the next move might be. If those bears start to slow their roll significantly, it's like they're hitting pause on their groove, and that's when the bulls start flexing their muscles, ready to take the spotlight.
But hey, if those bearish cats start cranking up the tempo within this LPHZ, then it's time to brace for some serious bearish vibes. It's like the DJ dropping a heavy bassline, and you know it's about to get wild.
So, keep your eyes on the dance floor of the market, feel the rhythm of those momentum shifts, and get ready to bust some moves with those bullish or bearish trends. It's all about riding the wave and keeping your trading game funky fresh!
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LPHZ now acting as resistance, this might get intresting. Will more sellers join? Stay tuned.
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If price can overcome the zone it is currently in I anticpate 70/71K following the up trendline. If not then I will look at more price action clues as the market develop.
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Price obeyed this LPHZ. The did below this zone was not enough to give the bears momentum to drive the price lower. Price now well on its way to the 70/71k area.
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At 70K now on to 71K
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All good here, anticpated targets reached with little bearish resistance.