Probability of a Bearish move.
Last Post Recap:
The downward movement did occur, but it extended far beyond what I initially anticipated.
Current Analysis:
Upon conducting a technical analysis, there's a high likelihood that the downward trend will continue.
Short-Squeeze Possibility:
There's a chance we might trigger some short stops before continuing the downward motion towards the Fibonacci zones.
Short-Term Play:
If you're interested in short-term trading, consider targeting the large wick created by Friday's movement.
Keep alert:
News events can dramatically alter Bitcoin's direction, rendering any speculative or technical analysis invalid
Stay Safe!
The downward movement did occur, but it extended far beyond what I initially anticipated.
Current Analysis:
Upon conducting a technical analysis, there's a high likelihood that the downward trend will continue.
Short-Squeeze Possibility:
There's a chance we might trigger some short stops before continuing the downward motion towards the Fibonacci zones.
Short-Term Play:
If you're interested in short-term trading, consider targeting the large wick created by Friday's movement.
Keep alert:
News events can dramatically alter Bitcoin's direction, rendering any speculative or technical analysis invalid
Stay Safe!
Comment:
By far, is working as planned..
Comment:
As mentioned on the "Keep alert" News came and invalidate the idea by now.
But I still believe 24.6 - 23.5 might be revised at some point.
But I still believe 24.6 - 23.5 might be revised at some point.
Comment:
And it was fast.