The theory of $BTC front running $SPX into distribution and a deep retrace, is still applicable



We are getting close to $SPX invalidation but so far, remains valid

Got some bearish divergence build up, shown on pic2. Pretty distributive price action to.

Price would need to break upper channel limit to go into price discovery, until then, distribution is still valid.

Given Q4 historically i think we are favourable towards melting up into price discovery, just something to be aware of though as buying resistance is never wise
BTC-2,72%
UP-6,61%
JST1,92%
post-image
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • Pin