npub1de6l0
1w ago
npub1de6l0
•
1w ago
Stoopid lines say... must wait for 2 hours before getting boner.
While the media is crediting CPI numbers for the bullish move, bear in mind that we already bounced three days ago just above the 88k FIB level. We're now pushing to test resistance around 98k and the next 4h candle will tell us if we establish price support above and continue the uptrend or, if we'll come down to test price support before we attempt to flip that stooopid orange line (key level).
While the media is crediting CPI numbers for the bullish move, bear in mind that we already bounced three days ago just above the 88k FIB level. We're now pushing to test resistance around 98k and the next 4h candle will tell us if we establish price support above and continue the uptrend or, if we'll come down to test price support before we attempt to flip that stooopid orange line (key level).
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and this is how that works. Bulls vs Bears (retail supply vs demand) now in action. Decision time...
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