Can Tether Save The Market?
Updated
Let's keep things clean and simple here...
The release of the news that Tether is backed and legit is very timely to say the least....
Looking at these fib time zones you can see they align perfectly with the recent trend reversals, which caused the ideas a few weeks ago everybody was throwing around before the expected 6/6 pump. Of course it never came, but that could be just a little delayed... According to the chart the trend reversal should occur on this next daily candle 6/21.
We've been holding this .786 fib level for quite some time and if it breaks, we could be in real trouble.
I could be wrong, but I hope I'm right...This bear market really killed everyone's hopes and dreams. It's only a matter of time until it's over. One resistance at a time...
The release of the news that Tether is backed and legit is very timely to say the least....
Looking at these fib time zones you can see they align perfectly with the recent trend reversals, which caused the ideas a few weeks ago everybody was throwing around before the expected 6/6 pump. Of course it never came, but that could be just a little delayed... According to the chart the trend reversal should occur on this next daily candle 6/21.
We've been holding this .786 fib level for quite some time and if it breaks, we could be in real trouble.
I could be wrong, but I hope I'm right...This bear market really killed everyone's hopes and dreams. It's only a matter of time until it's over. One resistance at a time...
Note
Looking at the weekly we see the stoch bottoming out.
Also, I am new to the godmode indicator, but we have our first red circle since 1/1
Note
Bulls failed to push any higher and bears took it down overnight, one thing for sure was it reversed down after the fib time zone lol
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.