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Crypto JK
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BTC.D really screwing us up now, alts seeing almost -60% rekt.
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We now got the invalidation of this potential harmonic pattern formation in $ZRO. $3.705 pivot got broken despite the negative funding which favors longs.
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Market currently volatile now as FED Chair Jerome Powell indicated that existing data does not provide the level of confidence in the inflation outlook necessary for the Federal Reserve to justify cutting rates. Trade safely, or better yet take a rest.
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Quick update on this $ZRO analysis. Still on a sideways market, with invalidation set on a break of the $3.705 pivot.
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$ZRO M15 Potential Bearish Gartley Formation. • Possible bearish gartley harmonic pattern formation with D-leg completion on 79% Fib level touch. • Market above bullish NT. • Made a reentry above VAL. • Strong support bounce. • M15 EMAs curving up, potential GX impending. • Market testing 50% key resistance trendline. Successful break could catapult it to test POC strength. • TFO teasing bullish median crossover; avoided entering oversold zone. Key break points: • $3.976 • $4.116 • $4.226
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We're currently experiencing the deepest retrace in #BTC's cycle with almost -26%. Question: Can this go further?
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