BTC - A High Tide Sinks All Ships
Following up on yesterday, the high tide signal did end up getting confirmed. And while BTC did fall back to it's weekly current, it's still possible for it to break this level and head down to the monthly or seasonal current. This would be in line with previous daily high tide signals where the price drops -10% or more.
This does not immediately negate the bullish flow signal we recently had, as a tidal signal is about price momentum and not specifically liquidity. But it could turn into a dip then and ebb. This is why I took profits on longs and added to the BNB short yesterday.
This does not immediately negate the bullish flow signal we recently had, as a tidal signal is about price momentum and not specifically liquidity. But it could turn into a dip then and ebb. This is why I took profits on longs and added to the BNB short yesterday.
"Even the wise cannot see all ends." - Gandalf
Connect with me on Twitter. I'm always open to discuss.
Connect with me on Twitter. I'm always open to discuss.
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