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TGIF

BTC Friday set up the TGIF Today, I’ll be considering the possibility of a 70+% retrace to the upside using the TGIF (Thank God it’s Friday) setup. This usually kicks in by the London or NY-AM open if it’s going to happen. If we don’t see more downside and traders decide to close out their short positions from the week, we could see an upside move. I’m watching for a market structure shift to the upside and confirmations like higher highs or significant moves around the London session at 3AM New York local time. If we see displacement to the upside during the London session, that’s a strong indicator. If not, I’ll be looking for similar signs during the NY-AM session. When this setup engages, it tends to be a high-probability trade. What are your thoughts on this potential move? #BTC #Bitcoin #CryptoMarket #TradingIdeas #MarketAnalysis #PriceAction #CryptoTalk #LondonSession #NYSession #TradeSmart #BTCTraders
BYBIT:BTCUSD.PLong
by salamanka
Inverted H&S on BNBBTC = great mid-long entry!That massive spike in volume just confirms the indicator of the HNS pointed out in the charting published. We had to have expected some sort of consolidation in an expected (but not so quickly) surge of parabolic movement that may resemble what looks like a bullish pattern (and it very well could be—a consolidation that got derailed then ends up right back on track for continuity. This would be the best and (as far as now goes)feasible market price outlook/analysis for $BNB paired against $BTC as one winds down and the other continues to shatter expectations & break down barriers while shitting on skeptics. *cough* Chicocrypto *cough* I highly suggest you make your entry before FOMOing; hypothetically speaking of course, given that this isn’t financialnadvise in any way/shape/form. Hope you gals & guys are having a good time on this wonderful Friday evening. I’m sitting alone in a hotel room staring at charts smh
Long
by a1mtarabichi