- complimentary analysis to my last one:
- it is unusual for ATH breaks in crypto to get re-tested, let alone violated, forming a deviation
- this, so far, looks like a macro deviation/failed breakout and, pending weekly close, the most logical downside target would be erasing the entire Trump rally and taking liquidity below
- a move of that magnitude on TOTAL would likely mean Bitcoin is headed to 70k while ETH could go as low as 1200
- it is unusual for ATH breaks in crypto to get re-tested, let alone violated, forming a deviation
- this, so far, looks like a macro deviation/failed breakout and, pending weekly close, the most logical downside target would be erasing the entire Trump rally and taking liquidity below
- a move of that magnitude on TOTAL would likely mean Bitcoin is headed to 70k while ETH could go as low as 1200
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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.