Good evening all…
As we approach the 50k zone, i want to draw your attention to what happened earlier on in the Saturday stream when the market maker made the move towards the 49500 zone and rejected that area.
Approach with caution…
Once the 50 zone breaks, we may get our good old retail trader moonboy stepping in and putting the house down…Once 50k breaks wait for a possible retrace down towards the 5 and 13 ema.
Now be mindful, the chart i am showing you is the 4h…
The second chart is the 1hr time frame…
Just be careful guys…Keep a close eye on the 5 and 13 ema.
Dont fall for any hype with price, be sure that they show conviction based on what you guys know about the hybrid.
You want to see clear conviction, wait for confirmation, wait for the 5 and 13 ema to start expanding …
Explore what the 50 ema is doing in the 15m time frame, if the 50 ema on the 15m time frame is edging upwards towards 1pm 2pm on the clock, momentum is favoring higher prices.
Just one more thing…..
It is the weekend.
Trade well
Mad Love
T
