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BTC retracing the bearish move
Good Morning traders!
Price has again lined up with the forecast I outlined yesterday. I do not claim to be right all the time however recent PA has been reasonably predictable which has been a great thing, I hope you are learning!
Looking towards today we have a VERY obvious area for potential mitigation, these bearish orders have never been protected, as always price will be attracted to the orders either for protection OR for liquidity.
We can also say at this stage the Bearish head and shoulders pattern is at the very least looking to form a second shoulder but more likely failed.
I hope you managed to pick up some bargains, but be aware we can still sell off in the coming days.
As always trade safe.
EnvisionEJ
Price has again lined up with the forecast I outlined yesterday. I do not claim to be right all the time however recent PA has been reasonably predictable which has been a great thing, I hope you are learning!
Looking towards today we have a VERY obvious area for potential mitigation, these bearish orders have never been protected, as always price will be attracted to the orders either for protection OR for liquidity.
We can also say at this stage the Bearish head and shoulders pattern is at the very least looking to form a second shoulder but more likely failed.
I hope you managed to pick up some bargains, but be aware we can still sell off in the coming days.
As always trade safe.
EnvisionEJ
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