>First day back in the office after a month off. >Open trading view and this is the first chart I see >That means this fractal was drawn on over a month ago and BTCUSD is tracking it too closely to ignore >I'll be closing out longs and looking to hedge over the course of the day today.
If we clear $11,700 BTC goes for a run
BTC is pushing multiple supports a break here sends us down around the 10k mark, potentially filling the CME gap.
Need to see a bit more buying but loving this setup
XEMBTC has broken out of both a cup and handle and uptrend channel. PT's are 650 and 780 sats, however I can see these being crossed as fundamentals for the protocol are very strong and lots of important dates in timeline are coming up: - 24 Aug: Confirm optin date - 7 Sep: Optin Opens - 15 Sep: Testnet launch - 3-16 Dec: Snapshot range Holders during snapshot...
BTCUSD is seeing some pretty clear bearish divergence. Currently I can only see this being a brief pull back as market sentiment still seems very bullish and only getting more bullish! Loads of support all the way down to $13,000, will reassess if it gets any worse from there.
I never really liked fractals, they are too hit and miss for me. When you find them it is fun to see how they play out. I like the looks of this one. Lets see how it unfolds next week