-Yurlo
First of all, please tap that like button or leave a comment 👍
Second of all: I know most of this space is bullish right now thinking they've caught the bottom (one of the main reasons i don't feel its actually in is because of this)
However, we've rejected 0.5 fibonacci level ($11497) after topping out just under $12500, what does this mean? WELL, it terms of structural support and the fundamentals of fibonacci suggest we should revisit fibinacco level 0.382 (9515) & from there i'd reevaluate the market to see if it's just a dip to fill the gap or if a similar situation like we've seen in March of 2020 will occur.
Weekly candle closes in just over an hour ~ remember
Always stick to your plan unless invalidation points on the specific trade have been tapped ~ then maybe consider but use low leverage so you can react in the most logical way possible.
Hoping to visit under $10,000 in the next 24 hour - 48 hours.
~ patience is key ~
First of all, please tap that like button or leave a comment 👍
Second of all: I know most of this space is bullish right now thinking they've caught the bottom (one of the main reasons i don't feel its actually in is because of this)
However, we've rejected 0.5 fibonacci level ($11497) after topping out just under $12500, what does this mean? WELL, it terms of structural support and the fundamentals of fibonacci suggest we should revisit fibinacco level 0.382 (9515) & from there i'd reevaluate the market to see if it's just a dip to fill the gap or if a similar situation like we've seen in March of 2020 will occur.
Weekly candle closes in just over an hour ~ remember
Always stick to your plan unless invalidation points on the specific trade have been tapped ~ then maybe consider but use low leverage so you can react in the most logical way possible.
Hoping to visit under $10,000 in the next 24 hour - 48 hours.
~ patience is key ~
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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.
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.