BTC (Y21.P2.E19).Micro.2 of many possibilities
Hi All,
When ever you think what is obvious in formation, is usually 50% right, especially at the micro level.
I have given up trying to guess what will happen with the 1st piece of the puzzle in many situations because its just not a way to trade or forecast.
It just becomes a game.
I rather see 3 to 4 impulse moves before putting a hypothesis together.
So to demonstrate a bullish scenario versus what many would think is a shorting opportunity, be careful.
As on many occasions, I have said that the 0.5 or 0.618 fib retracement will be the main targets for this bounce.
So far, this minor rejection is the 0.5 fib, but the target could well be the 0.618 or more.
All the best,
S.SAri
When ever you think what is obvious in formation, is usually 50% right, especially at the micro level.
I have given up trying to guess what will happen with the 1st piece of the puzzle in many situations because its just not a way to trade or forecast.
It just becomes a game.
I rather see 3 to 4 impulse moves before putting a hypothesis together.
So to demonstrate a bullish scenario versus what many would think is a shorting opportunity, be careful.
As on many occasions, I have said that the 0.5 or 0.618 fib retracement will be the main targets for this bounce.
So far, this minor rejection is the 0.5 fib, but the target could well be the 0.618 or more.
All the best,
S.SAri
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This community has signals now but with no risk management comms.
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