BTCUSD 2021-JAN-05
𝘽𝙏𝘾 𝙄𝙎 𝙉𝙊𝙏 𝙋𝘼𝙍𝘼𝘽𝙊𝙇𝙄𝘾...𝙔𝙀𝙏.
There is no doubt that the price of BTC has exploded in recent weeks. We saw the price breach above the +3 deviations marker on the macro trend (>99% of the price data should exist below +3 deviations), however there was a relatively sharp retraction of price as a result.
There is a good argument to be made for an evening start pattern formation here...
I would not be adding to positions here, nor entering a fresh trade. But, I also think there is a lot more room on this to run.
#crypto
There is no doubt that the price of BTC has exploded in recent weeks. We saw the price breach above the +3 deviations marker on the macro trend (>99% of the price data should exist below +3 deviations), however there was a relatively sharp retraction of price as a result.
There is a good argument to be made for an evening start pattern formation here...
I would not be adding to positions here, nor entering a fresh trade. But, I also think there is a lot more room on this to run.
#crypto
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