The market has picked up a bit, closing exactly at 50% of the pending imbalance since December 19, after liquidating positions taken based on it.
Everything seems to be on track ๐ฐ.
The daily candle, for its part, has closed exactly at 70% of the size of its body, showing good buying volume and decision. What I indicated was necessary in my posts today.
Now, we may be seeing a slight correction, as I mentioned earlier, looking to gain momentum at the support left by the downward channel that has been forming since December 11, 2024 ($99,748) and thus continue its great rise.
If I had to consider what could be the deepest level of this small correction, I would dare to point out the support at $99,368; although it is not strong, it can easily serve as momentum for the price increase, strengthening for later touches.
However, I do NOT believe that the price will drop to these levels anytime soon; I mention it only if you are questioning the "worst-case scenario" before reaching a new AHT. It is much more likely to bounce at $99,748 or simply lateralize until Monday.
We are at the weekend; it is necessary to wait for this day, where regardless of the details of the position-taking, only the FOMO would be driving the price to reach and perhaps exceed the current AHT.
It is time to re-check our portfolio, assess if any modification is necessary, and after feeling secure/comfortable with it, relax, take a breather, and wait.
Take this weekend for yourself; the coming week is loaded with uncertainty and perhaps a lot of volatility. You must have your emotions well-regulated.
Happy weekend and much prosperity in your wallet. Until Monday. ๐
Everything seems to be on track ๐ฐ.
The daily candle, for its part, has closed exactly at 70% of the size of its body, showing good buying volume and decision. What I indicated was necessary in my posts today.
Now, we may be seeing a slight correction, as I mentioned earlier, looking to gain momentum at the support left by the downward channel that has been forming since December 11, 2024 ($99,748) and thus continue its great rise.
If I had to consider what could be the deepest level of this small correction, I would dare to point out the support at $99,368; although it is not strong, it can easily serve as momentum for the price increase, strengthening for later touches.
However, I do NOT believe that the price will drop to these levels anytime soon; I mention it only if you are questioning the "worst-case scenario" before reaching a new AHT. It is much more likely to bounce at $99,748 or simply lateralize until Monday.
We are at the weekend; it is necessary to wait for this day, where regardless of the details of the position-taking, only the FOMO would be driving the price to reach and perhaps exceed the current AHT.
It is time to re-check our portfolio, assess if any modification is necessary, and after feeling secure/comfortable with it, relax, take a breather, and wait.
Take this weekend for yourself; the coming week is loaded with uncertainty and perhaps a lot of volatility. You must have your emotions well-regulated.
Happy weekend and much prosperity in your wallet. Until Monday. ๐