BTC CME | 4D & W | “-18%” Move Down Seems Inevitable
Not financial advice, do your own due diligence 👍✋
- Based on the normal candlesticks, a gravestone doji was created on the weekly. Closed on a green below average volume bar; im leaning more towards bearish.
- 4 day, 0.618 golden fib level achieved by the bulls, but that doesn’t mean we’ll dump immediately. Option expirations are around the corner, with 12k showing decent volume; maybe an “At The Money” close/expiration is on the table.
- Yellow arrows on the chart show what I think will happen (time not accounted for).
- Be careful is all I am suggesting. All those red horizontal areas are unfilled CME gaps.
Have fun everyone! Remember to use your head and not your fingers.
- Based on the normal candlesticks, a gravestone doji was created on the weekly. Closed on a green below average volume bar; im leaning more towards bearish.
- 4 day, 0.618 golden fib level achieved by the bulls, but that doesn’t mean we’ll dump immediately. Option expirations are around the corner, with 12k showing decent volume; maybe an “At The Money” close/expiration is on the table.
- Yellow arrows on the chart show what I think will happen (time not accounted for).
- Be careful is all I am suggesting. All those red horizontal areas are unfilled CME gaps.
Have fun everyone! Remember to use your head and not your fingers.