Pt. 6 Value-Loaded Weekly Technical Analysis
Your weekly dose of Market Insights
I hope you all have your learning caps on,
Because Team Inspired Analyst is back with the market updates for the first week of September.
So, Let’s get to it!
BTC 4H
Bitcoin has been trading within the $800-$1000 range for some time. In fact, it may appear to be trading within a bearish triangle to a retail investor. The main liquidity is located in the marketed ranges, as seen in the figure above.
Currently, Bitcoin has been rejected by fib golden pocket and may drop by a few hundred dollars. As it broke the 0.5 fib, it grabbed the buy-side liquidity, and now it should retract.
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