This Bitcoin Chart Could Make Central Bankers Look Silly During Jackson Hole
This Bitcoin Chart Could Make Central Bankers Look Silly During Jackson Hole
From the summer rotations of 2558 point of control, a major imbalance started in July-August measuring +147% (1830-4480). ATH was seen 7-8 sessions ago fading about -20% to the 3600, but price has recovered nicely since round tripping any losses.
Jackson Hole started today where global central bankers will get together and explain how monetary policy all went wrong. Nevertheless, Bitcoin has a chance to make the bankers look silly if 4467-4632 is violated leading room for a 4-Fib extension to probe 5314..
agree but don't think it happens, I think it will top here and go back to $3430 in next 7-10 days