1.) Current Sol outlook. US30/BTC continue to show bullish/revival, thus...alts follow like ducklings. Know the chain of command.
2.) Fibonacci completely retraced from 6/13 swing low, S/D zone one turning to support.
3.) Possible retest of 38 to be considered for those seeking long. 4H over-bought, and bear candle close above EMA 10...albeit affecting...
Probable outlook for US30...
1.) Broken channel on D turned bear trap. Back in channel confirmed; 3 closed candles.
2.) 4H Fibonacci range (29.6 - 31.0) retraced 100%. Longer-term Fibonacci levels to consider from 6/9 swing high. (Fib = general guide, not S/D zones.)
3.) Market survived two hearings with Fed chairmen Powell getting grilled on inflation.
4.)...
Sheepishly holding 20k. Possible channel formation if so, but early.
Always stay neutral. Play probabilities.
Calling short/long is just worthless ego points.
Post 2/2, 4H chart. Daily RSI well oversold...(short-term) bullish sentiment.
But overall, neutral is always the general sentiment, for those seeking realized gains.
Shout-out to anyone who leveraged 50x long, defying gravity. Probable pull-back played out.
Current support on lower range fib + previous bear wick ( gold dot).
Those low wicks that seem miles...
Wouldn't it be nice if everything just went up forever? 30,500 area small bull-trap already in effect, stopping out FOMO buyers.
One hour RSI long overdue for a pullback. Afterwards, I have a hard time believing this doesn't retrace up to 31,000 area.
Though likely runs out of helium around there. And likely not such a narrow/symmetrical channel, this is a...
