Clear move here?
Everyone thought bitcoin was great when it was going up Sharply; however if we focus on the economic turmoil currently radiating through turkey it is clear that parabolic price inclines in a currency do not necessarily mean positive things other than profit for traders on the correct side of the market.
Smaller time frames show bearish momentum increasing
Put a stop above the previous monthly high and T/P on the first breakout which is a suitable target for the time being.
lets long the lira
Everyone thought bitcoin was great when it was going up Sharply; however if we focus on the economic turmoil currently radiating through turkey it is clear that parabolic price inclines in a currency do not necessarily mean positive things other than profit for traders on the correct side of the market.
Smaller time frames show bearish momentum increasing
Put a stop above the previous monthly high and T/P on the first breakout which is a suitable target for the time being.
lets long the lira
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near to breaking out on 4H, lets see how the next few days progress.
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Emerging markets showing weakness, continuation could be the play here so keeping an eye on price The move on Argentinian peso looked to show a similar fractal before breaking up, chart of this shared below highlighted in the white boxes
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Small wedges out of correction zones have often led to impulses up in value:
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Will look to flip the coin at some stage.
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Potential up if .5826 holds