New Information!
Price struck the range point of control, followed by a reversal back down to the range's bottom, as predicted in yesterday's analysis.
Local lower highs have also developed, indicating a buyer's weakness.
The strategy remains the same: price must break through the point of control and daily naked point of control ($48,000) in order to reach the $52K target.
Also, when we got that swift wick down to $42K, we created a large area of inefficiency. This area is regularly frequented. Something to consider if we fall below the annual open.
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Thanks and happy trading :)
Price struck the range point of control, followed by a reversal back down to the range's bottom, as predicted in yesterday's analysis.
Local lower highs have also developed, indicating a buyer's weakness.
The strategy remains the same: price must break through the point of control and daily naked point of control ($48,000) in order to reach the $52K target.
Also, when we got that swift wick down to $42K, we created a large area of inefficiency. This area is regularly frequented. Something to consider if we fall below the annual open.
<———————————————>
Follow us on our socials for more!
Thanks and happy trading :)
