dollar up, crypto down id like to take a moment of silence for all the 2022 bulls. were in a basement btcusd and will stay there until monthly log support shapes up. 17k still likely to hit, but we will have months of essentially sideways action at this rate. unless something changes, the daring bet is scalping this weekly sideways between 17 and 15. after we revisit top of problem area, i wouldnt be surprised to see low 15s.
Agree on sideways, market seems to be waiting for some news to steer the market towards a specific direction. Nobody knows that direction yet, even the market itself.
cerealpatterns
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@JamesLeblancTheRealist, im just going based on the assumption the current monthly pattern will repeat what usually happens when price falls below signal. the trick is finding those weekly scalp levels
cerealpatterns
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@JamesLeblancTheRealist, maybe after the uncertainty we get some catylizing event that causes another meltdown, or a false breakout followed by more of a slow bleed. more likely i think is that history repeats itself and we boom once more, but like you said no one really knows right now as theres no clues to go on besides this sideways technical pattern.