I like seeing this sorta weird pattern, i also throw fibs on this kind of stuff to see what happens, often the result is interesting.
shared this today in dj thistles room, figure ill share it here now
shared this today in dj thistles room, figure ill share it here now
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hoep this was bottom
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I think now we are forming what looks to most like an odd h&s formation. For different reasons I dont think that will play our and instead we will go sideways, and up. I am bias as I am in alts. The recent alts moving tell me players are putting liquidity in them and faith is starting to restore in btc. Being very cautious at this point tho, as double bottom/new lows can still happen if we do break down ~3500.
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4300 should be acting as resistance for now, when it becomes support going to be great. for now i hope for retrace and alts continue to pump a bit.
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well, i dont care if it retraces or not, but breaking 4300 for fomo may cause some alts to suffer. may.
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4350 acting as resistance here, vol profile also hits a high level there, new month now so may get some MM painting going on.
