Good Morning traders!
Sorry I have been absent for a couple of days I have been unwell (not Corona)
Right after my last forecast the entire crypto market had a decent pullback.
While I was calling a move higher its not unexpected and price returned to spot that makes sense.
Make no mistake this bearish selloff was market manipulation, the big players in the world DO NOT want El Salvador's idea to succeed or spread, it poses a danger to their ethos.
Looking at the technical picture the market does what it always does-it returned to test prior orders and protect them.
The 3 current scenarios are a continued move higher to test the yellow mark before falling away again.
An even deeper pullback to sweep the yellow circle before continuing higher.
Or straight push through the highs.
Look for where retail traders would stack stops THIS IS WHERE PRICE TARGETS!!
As always trade safe,
EnvisionEJ
Sorry I have been absent for a couple of days I have been unwell (not Corona)
Right after my last forecast the entire crypto market had a decent pullback.
While I was calling a move higher its not unexpected and price returned to spot that makes sense.
Make no mistake this bearish selloff was market manipulation, the big players in the world DO NOT want El Salvador's idea to succeed or spread, it poses a danger to their ethos.
Looking at the technical picture the market does what it always does-it returned to test prior orders and protect them.
The 3 current scenarios are a continued move higher to test the yellow mark before falling away again.
An even deeper pullback to sweep the yellow circle before continuing higher.
Or straight push through the highs.
Look for where retail traders would stack stops THIS IS WHERE PRICE TARGETS!!
As always trade safe,
EnvisionEJ