What’s good guys…
Paying attention to Bitcoin right now…It appears that this move may not be long for it to break down…
The only way this move to be validated completely is if the break above the 41587 plays out and we get a retrace to test back down and it continues back up.
Above this range are the heavy Short Liquidations…Question stands, will they use this move up to induce more shorts, to add to the liquidity that already resides above?
The 1hr 200 EMA seems to be a block…So far we have had two notable wicks spiking price higher but not following through.
Only one attempt to come down and recover the green vector, which is shown with that wick below the Psy Hi…
Price is trading at a premium in this range…
Dollar yen is moving up…But Bitcoin not breaking down as aggressively, yet Gold is breaking down (which may be a set up for Powells Speech)
Watch out for the stop hunt in Asia…
Mad Love
T
