Disregarding the structure of higher time frame, on the hourly here:
- decelerating rate of change of the drop,
- technicals showing positive divergence,
Suggesting a local bottom is (almost) in place, rebounce to above 21k is doable, good R:R is using LOD of today as stop.
ARKG is actually green today, either indicating (short term) risk-on appetite, or just short covering before the long weekend.
- decelerating rate of change of the drop,
- technicals showing positive divergence,
Suggesting a local bottom is (almost) in place, rebounce to above 21k is doable, good R:R is using LOD of today as stop.
ARKG is actually green today, either indicating (short term) risk-on appetite, or just short covering before the long weekend.
