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BTC - TRX - BCH (1 Viewer)

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 BTC - TRX - BCH (1 Viewer)

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SxxNGx

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In a few hours (14:00h NY) we will have high-impact news.

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This will generate volatility with the potential to send the price of some financial assets to extreme levels of liquidity.



BTC

30eee00496a15afc7b6d9d3bd812c7e9ad4937b316fc212b0b922f66d9eb89cb.png


For this reason, I will not make any decisions regarding BTC today, because I need to see the price reaction in the FVG-W and FVG-M zones.

This is the key zone, and we can only know the true intention of the market when the daily candle closes.





TRX

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Instead, I prefer to maintain my position in TRX because, so far, it is providing a better price reading.





BCH

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I am also very interested in Bitcoin Cash, because it is in an upward trend, and I am expecting it to end this week in positive territory.

The 0.5 and 0.375 Fibonacci levels is key for today.



In conclusion:
The performance of some altcoins suggests that BTC may move higher, but at the same time, BTC's structure is in a reversal zone.
Therefore, I prefer to stay away from BTC until it provides clear confirmation and focus on TRX and BCH, since their structure allows me to clearly identify an invalidation zone where I can place a stop-loss.
 
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