Yo yo guys…
Here is something to consider…
On the assumption that we have established the high for the week.
If Bitcoin continues to trade in line with the cycle to the downside,
we should see the 40k zone.
Of course there will be retraces, will those retraces send price back up?…
The retrace, if it happens, will finalise at the 50 ema on the daily time frame…This would be a healthy retrace for Bitcoin…
As with all projections. A number of confluences need to come into play before we can make the leap and place trades.
Use the above as a guide to keep your mind in check with the cyclical pattern if you are counter trading on the smaller time frames.
See you tomorrow all
Mad Love
T
