BTC & crypto down wave on-coming 🌊 3-5% drop expected
As we build up positive upward momentum, it's normal and expected to see high momentum down waves. I'm seeing a solid downward momentum inversion oncoming. For the next day or so, I expect BTC to consolidate around the current price level and drop with sufficient force. From there, I will reevaluate to see if we have even more positive bullish momentum—time to take profit for me within the next 8hrs.
https://ibb.co/NsKJ9RG
The thicker red line is the inversion graph displaying the inverted BTC momentum on the left chart. Many of the coins are exhibiting similar inversion. However, most of the coins I'm tracking are moving together in this current up wave. This means the bullish wave is a strong one overall, and we should wait for the price to consolidate and that can take about 4hrs. This could be the opportunity to take profit and to invert for the short or hold tight for the next bullish wave based on your objective and risk tolerance.
Sorry for not making individual coin updates tonight. I've been busy tweaking the momentum trading system.
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source https://www.smartmoneymanagement.info/2022/03/btc-crypto-down-wave-on-coming-3-5-drop.html
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