Ylesc4s

Ylesc4s

Hi guys, all the analisis is on the charts, besides the technical analysis we need to consider all the macroeconomic events that are ocurring right now (war in Ukraine, tensions in Middle East, possible war between US and China due to Taiwan, global inflation numbers almost 2 digits) If I say one by one there would be a lot of text.

Ylesc4s

The 50k options contracts expire on Friday August 27, a few weeks ago the 40k contracts closed at 42k, this is one reason of why I see BTC reach the range of 51k - 52k on Friday; to later FALL OR MAKE A RANGE, if this last thing happens will lead us to the famous ALTSEASON, and then eventually BTC fall back to the 30k range. (this bounce is a fractal of January...

Ylesc4s

Now we are having a small correction in crypto, I am expecting a pullback till the 0.23 Fibonacci level, at that point and depending of the market structure I will be looking for an entry point. If I get into that trade I will be looking to close it near 51k - 52k, (check related idea). As I can see this movement is driven by FOMO by the moonboys, so they will...