Good morning everyone,
This morning, I'm sure many of you are getting up feeling "cold," so I'm posting early. All the notes about atrai $BTC and $PAXG from the previous two posts are accurate.
💥 The market is pricing in concerns that the US government might shut down temporarily due to the ongoing debate around DHS in the Senate, which is not yet resolved. So yesterday, USD and bonds went up, while everything else was pushed down.
💥 Today, atrai has finished filling the marked area on the D1 chart. The D1 is in a state of extreme overselling and technically, it should bounce back. But it needs to get past 85.8, meaning it must hold the range of 83-85 to continue the good recovery. If it gets blocked there, like I mentioned before, with H4 being blocked at 90-90.5, it is likely to drop again.
"Crossing" important levels means we need to close candles well above the price and hold a few candles above that. Because there will usually be a pullback when crossing resistance/support levels, we have to wait to see how far the pullback goes. The market has never been easy.
💥 It is still essential to have a clear bullish divergence on H4 to safely and sustainably go up. Otherwise, it will just be a big/small bounce. Whenever it appears, I will notify you.
💥 For alts, as I mentioned last week, DOM is trending up, so alts are getting pushed down. If BTC drops 1, alts drop 5, that is quite normal. That's why there's the saying "you get what you pay for"😔. When DOM drops to a small 4.x, alts will go up. And it needs to drop to 3.9x to really bounce back strongly.
💥 Today, we need to pay attention to the approval of the government budget as I noted. Just stay calm, everyone, the market is like that, always fierce, always an emotional game for quicksilver hair two colors😁
❤️ PATIENCE & DISCIPLINE ❤️
--- Love all ---
