Once again on macro time frames we are seeing harsh rejections and even/lower highs. As well in the short term most indicators flipped bear/we also have a nice rising wedge (bearish) formed on the lower term time frames to. Closing higher time frame candles below the weekly open (57300/ POINT OF CONTROL) will most likely result in more downside in the short term. Once you take into account most markets around the world (especially eastern markets) are bleeding heavily and the fact that sense the BTC ETF LAUNCH/ TAPROOT UPGRADE have only brought us downside.. I feel safe with my short position from 58500. Want to long anything on the way down? ETH LOL
Bears are in control, I am a macro bull but with all the talk of the PLAN B 135K EOY call playing out STILL.. after a not so good close of the november monthly candle.. we have a lot of overhead resistence. We flip 61.5K and start closing dailies above it I will be taking more aggressive long positions. I personally think we are looking at a lengthened cycle and we could be getting a not so great Q4 after all. Just my thoughts and opinions.. NFA
Bears are in control, I am a macro bull but with all the talk of the PLAN B 135K EOY call playing out STILL.. after a not so good close of the november monthly candle.. we have a lot of overhead resistence. We flip 61.5K and start closing dailies above it I will be taking more aggressive long positions. I personally think we are looking at a lengthened cycle and we could be getting a not so great Q4 after all. Just my thoughts and opinions.. NFA