Cold Blooded Charter
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$BTC rejected again! This time peaked at $99600.
200SMA support now right below on the hourly chart.
The volume is super low, beware of fake breakouts like this one happening now, I have been warning in my previous posts. Still bearish patterns active on higher timeframes.
1hr chart is showing a nice rectangle with its top around the $100k mark. Breakout to the upside is targetting $108000.
And the DXY, dollar is too strong well above 108.
Needs to be confirmed. So far, volume is too low to confirm anything, so best to wait until this changes.
The rectangle is my main pattern (and range) to watch on lower timeframes. Break below 92 is targetting $83700. Basically where 0.5 Fib is sitting.
200SMA support now right below on the hourly chart.
The volume is super low, beware of fake breakouts like this one happening now, I have been warning in my previous posts. Still bearish patterns active on higher timeframes.
1hr chart is showing a nice rectangle with its top around the $100k mark. Breakout to the upside is targetting $108000.
And the DXY, dollar is too strong well above 108.
Needs to be confirmed. So far, volume is too low to confirm anything, so best to wait until this changes.
The rectangle is my main pattern (and range) to watch on lower timeframes. Break below 92 is targetting $83700. Basically where 0.5 Fib is sitting.
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