Can Tether Save The Market?
Let's keep things clean and simple here...
The release of the news that Tether is backed and legit is very timely to say the least....
Looking at these fib time zones you can see they align perfectly with the recent trend reversals, which caused the ideas a few weeks ago everybody was throwing around before the expected 6/6 pump. Of course it never came, but that could be just a little delayed... According to the chart the trend reversal should occur on this next daily candle 6/21.
We've been holding this .786 fib level for quite some time and if it breaks, we could be in real trouble.
I could be wrong, but I hope I'm right...This bear market really killed everyone's hopes and dreams. It's only a matter of time until it's over. One resistance at a time...
The release of the news that Tether is backed and legit is very timely to say the least....
Looking at these fib time zones you can see they align perfectly with the recent trend reversals, which caused the ideas a few weeks ago everybody was throwing around before the expected 6/6 pump. Of course it never came, but that could be just a little delayed... According to the chart the trend reversal should occur on this next daily candle 6/21.
We've been holding this .786 fib level for quite some time and if it breaks, we could be in real trouble.
I could be wrong, but I hope I'm right...This bear market really killed everyone's hopes and dreams. It's only a matter of time until it's over. One resistance at a time...
Note
Looking at the weekly we see the stoch bottoming out.
Also, I am new to the godmode indicator, but we have our first red circle since 1/1
Note
Bulls failed to push any higher and bears took it down overnight, one thing for sure was it reversed down after the fib time zone lol
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.