BitcoinSingkat
BTCUSD Daily Inflection Point Update
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Previously I mentioned the weekly was consolidating, but there is potential for this momentum consolidation to have a breakout leg as momentum shifts and the final emotional price movements are played out. I was too conservative in my price projections; a lot more than I used to be- but there wasn't a whole lot of TA involved- I figured the dollar issues would crop up earlier.
Now that the Fed had pivoted. the yields are creeping back up pushing bitcoin back down. The fed doesn't let on just how dire the situation is- and with global tensions rising, the dollar is at significant risk.
I expect a broad correction in all the markets- and cash to become very tight.
There is daily momentum consolidation- and if any other events occur that send yields upward- bitcoin is likely to suffer as a consequence. If instead we sail into the new year unscathed- then this consolidation may provide another leg up; but a break below 88k and a push towards 60k may solidify bitcoins correction.
DAILY
WEEKLY
Now that the Fed had pivoted. the yields are creeping back up pushing bitcoin back down. The fed doesn't let on just how dire the situation is- and with global tensions rising, the dollar is at significant risk.
I expect a broad correction in all the markets- and cash to become very tight.
There is daily momentum consolidation- and if any other events occur that send yields upward- bitcoin is likely to suffer as a consequence. If instead we sail into the new year unscathed- then this consolidation may provide another leg up; but a break below 88k and a push towards 60k may solidify bitcoins correction.
DAILY
WEEKLY
Nota
Nota
Dagangan aktif
1 Hour consolidation/shift in a 3-hour/daily critical area.
Nota
!5 Minute rotation and consolidation-
possible breakdown, else breakout.
Nota
1 hour is still rotating- expecting the reversal here. Potential for consolidation-breakout.
Nota
This is what the daily looks like now- 1 hour and 3 hour had a breakout-
At this point the real risk is the X factor- Global Tensions are likely to escalate- and the show is about to begin.
Nota
If this doesn't gain much more momentum- then it might actually reverse here-
It broke out on the 1 hour- but already sold off quite a bit.
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