Biden's going to make it go down with FUD and maybe US restrictions, then El Salvador and other countries are going to rapidly adopt it, causing it to go up dramatically! $31-29k at 16th June, then phase change to go up! Will predict once there!
Win counter: 0W, 0L
As posted previously for the USDCAD analysis. we have had a break of hourly structure with a new LL made. Price is currently retesting and rejecting previous structure with the hourly 38.2% bearish fib acting as resistance. Targets are still the Cypher C-D leg completion.
Here we have a nice little 4HR double top right along a broken daily ascending trend line as well as the daily 78.6% bearish fib acting as resistance. Seems to be forming a Cypher harmonic pattern with a risk to reward of 1:3.6. If this pattern completes then we could well see a continuation of price down to 1.28500 for a swing trade