everything looks really bid up. looks strange to me too. any elaboration on above will help. enjoy your posts a lot btw.
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Bluechip
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In 90% of cases, the move right after news is the wrong one.
I see the current rally starting to lose momentum, and we may get a correction today during the Asian session through to tomorrow. It could end tomorrow during the U.S. evening session before we resume the upward move, since Bitcoin’s gap has not yet closed.
Bitcoin is currently sitting under the 50-day moving average resistance, and there are also bearish patterns on the 1-hour chart suggesting some correction.
We exited half the portfolio into cash before the news and placed pending orders to re-enter on the dip with the cash taken out at today’s top.
If the gap closes before the correction, we may remove the orders and wait a bit for more clarity.
The rally may have ended, and a downward move could begin, potentially lasting until around September 28. For this reason, be cautiou
Always DYOR and size accordingly. NFA!
📌 Follow @Bluechip for unfiltered crypto intelligence, feel free to bookmark & share.
#USLowestJobsReport #BNBBreaksATH #ETHWhaleWatch #BinanceHODLerHOLO #BinanceAlphaAlert
Bitcoin is currently sitting under the 50-day moving average resistance, and there are also bearish patterns on the 1-hour chart suggesting some correction.
We exited half the portfolio into cash before the news and placed pending orders to re-enter on the dip with the cash taken out at today’s top.
If the gap closes before the correction, we may remove the orders and wait a bit for more clarity.
The rally may have ended, and a downward move could begin, potentially lasting until around September 28. For this reason, be cautiou
Always DYOR and size accordingly. NFA!
📌 Follow @Bluechip for unfiltered crypto intelligence, feel free to bookmark & share.
#USLowestJobsReport #BNBBreaksATH #ETHWhaleWatch #BinanceHODLerHOLO #BinanceAlphaAlert
Disclaimer: Includes third-party opinions. No advice. Binance AI may be used without guarantee. See T&Cs.