$BTC C Don't long here...
1. This is only a deviation, and price
retraces the entire move over the next
couple weeks before sweeping the
previous lows at 74K. This scenario
becomes much less likely if weekly
candles start closing above the previous
range highs.
2. Price forms a new range and
consolidates in the 80K's, forming a multi-
month range before another leg higher.
Scenario 2 is already becoming more
likely, and that likelihood wil continue to
increase if more weekly candles close
above the previous range highs.
Either way, longing here doesn't make
sense. It's better to wait for the optimal
entries in the green zones.
#AIStocksWhatNext #DogecoinRises15% #BNBMarketCapPassesBNYMellon #MuseOvertakesChatGPTAsTopFreeIOSApp
1. This is only a deviation, and price
retraces the entire move over the next
couple weeks before sweeping the
previous lows at 74K. This scenario
becomes much less likely if weekly
candles start closing above the previous
range highs.
2. Price forms a new range and
consolidates in the 80K's, forming a multi-
month range before another leg higher.
Scenario 2 is already becoming more
likely, and that likelihood wil continue to
increase if more weekly candles close
above the previous range highs.
Either way, longing here doesn't make
sense. It's better to wait for the optimal
entries in the green zones.
#AIStocksWhatNext #DogecoinRises15% #BNBMarketCapPassesBNYMellon #MuseOvertakesChatGPTAsTopFreeIOSApp
