BitcoinUpdated Training Wheels
Recap: BTC did not follow through to previous Red 1 and had a bounce thanks to some well-timed social media. ETH stalling on its Red 1 is where things started to happen and so Money Man had a chance to learn another lesson well. Now we are back at the old Decision 1 and still it is keeping its significance.
Conclusion: Price is at the upper limits of the short-term pattern resistance, and it is reasonable to expect a notable move if we are to break through, but sensibility calls for at least some nearby targets. Volume is also notable for a weekend. Remember: No guarantees, only probabilities. Very Important to me: Please like if you appreciate the effort, Please comment and develop this further and Please follow if you see this analysis thread going somewhere you would like to know about.
Conclusion: Price is at the upper limits of the short-term pattern resistance, and it is reasonable to expect a notable move if we are to break through, but sensibility calls for at least some nearby targets. Volume is also notable for a weekend. Remember: No guarantees, only probabilities. Very Important to me: Please like if you appreciate the effort, Please comment and develop this further and Please follow if you see this analysis thread going somewhere you would like to know about.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.