Very clearly, this will sweep the lows below the most recent one in early July for #__PROT0__. This should not worry anyone, since it is still the last day of the month (moves are taking place for rebalancing purposes). The two scenarios for me are: - Fall even further in a cascade and we will reach <$52,000 to seek the liquidity there. - We will quickly move back up and continue forming bullish divergences across multiple chart timeframes. It looks unstable.
Quite clearly, this is going to sweep the lows beneath the recent one at the start of July for #Bitcoin. Doesn't need to be worrying anyone, as it's still the last day of the month (rebalancing purposes are taking place). The two scenarios for me are: - Cascade further and we'll hit <$52,000 to take the liquidity there. - We'll quickly bounce back upwards and continue to be building the bullish divergences on multiple timeframes. It looks shaky.
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