Probability of a Bearish move.
Updated
Last Post Recap:
The downward movement did occur, but it extended far beyond what I initially anticipated.
Current Analysis:
Upon conducting a technical analysis, there's a high likelihood that the downward trend will continue.
Short-Squeeze Possibility:
There's a chance we might trigger some short stops before continuing the downward motion towards the Fibonacci zones.
Short-Term Play:
If you're interested in short-term trading, consider targeting the large wick created by Friday's movement.
Keep alert:
News events can dramatically alter Bitcoin's direction, rendering any speculative or technical analysis invalid
Stay Safe!
The downward movement did occur, but it extended far beyond what I initially anticipated.
Current Analysis:
Upon conducting a technical analysis, there's a high likelihood that the downward trend will continue.
Short-Squeeze Possibility:
There's a chance we might trigger some short stops before continuing the downward motion towards the Fibonacci zones.
Short-Term Play:
If you're interested in short-term trading, consider targeting the large wick created by Friday's movement.
Keep alert:
News events can dramatically alter Bitcoin's direction, rendering any speculative or technical analysis invalid
Stay Safe!
Note
By far, is working as planned..Note
As mentioned on the "Keep alert" News came and invalidate the idea by now. But I still believe 24.6 - 23.5 might be revised at some point.
Note
And it was fast.
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