Smart money concepts show weak high.
If we apply pitchfork, taking as a basis the bottom at the end of June 2021 and the top in November of the same year, the channel will show us something.
The price went to 1 and after a pullback is trying to reach 1.236, the first impulse level.
I attribute this BTC rush to the fact that SPX has just reached a top in its pitchfork.
Market makers need to execute reversal quickly.
Together with the DXY strengthening, none of this looks like an invitation to a run.
Do as you wish, I'm not buying it.
If we apply pitchfork, taking as a basis the bottom at the end of June 2021 and the top in November of the same year, the channel will show us something.
The price went to 1 and after a pullback is trying to reach 1.236, the first impulse level.
I attribute this BTC rush to the fact that SPX has just reached a top in its pitchfork.
Market makers need to execute reversal quickly.
Together with the DXY strengthening, none of this looks like an invitation to a run.
Do as you wish, I'm not buying it.
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~ 52816.62$
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