Line in the sand for matic
260 sats vs btc
Breaking this w/ even a wick invalidates one bearish EW scenario (abcde of the low). Vol continues lower but looks better vs. usdt.
Theory is some are out of btc expecting choppy action and looking for reasons to trade alts w/ sideways confirmation on the king.
Also at 200 hourly ma and top of crypto ichi cloud. EMA Supports below and bottom of cloud. Eyes prepped, stops positioned for worst case not best. Manage risk but a move through 260 would be a positive sign and provide breathing room...
Breaking this w/ even a wick invalidates one bearish EW scenario (abcde of the low). Vol continues lower but looks better vs. usdt.
Theory is some are out of btc expecting choppy action and looking for reasons to trade alts w/ sideways confirmation on the king.
Also at 200 hourly ma and top of crypto ichi cloud. EMA Supports below and bottom of cloud. Eyes prepped, stops positioned for worst case not best. Manage risk but a move through 260 would be a positive sign and provide breathing room...
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