BTC dump pending
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Ok bit shit lets see if follow through
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Replying to @HsakaTrades
I always found this to be a meme and another fancy tool on the list (no offence, just my observation). In FX it´s even more a meme as some use the UTC open and other ones use the NYC open.
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Replying to @trader_chris94
Well, the only timezone that matters is UTC for crypto. P.S. - It's not a meme.
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Replying to @HsakaTrades
I think it is. Price is just a function of liquidity, I dont get why there should be a special interest on buying at the weekly open. Have you ever seen the weekly open as support when there was now area of S/R involved? For example in the middle of a sharp inefficient move
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Replying to @trader_chris94
Fair enough, but you can ascribe that logic about about being respected in the middle of a sharp inefficient move to any level. Just empirically speaking, the 1w open acts as a strong level, whether that's because of it being close to another S/R level is irrelevant imo.
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Replying to @HsakaTrades
If you can use it and have an edge its perfect! I dont want to sound like a smartass, it might certainly has its place. Just got tired about all the UTC/NYC Daily, Weekly, Monthly open levels in FX. Seeing them violated up and down like nothing. lol
2 replies 0 retweets 1 like
Nah, it's chill. Was just curious as to why you discount it. And agreed, they're not the best levels on their own, but when confluent with other S/R levels (which they most often tend to be for some unknown reason), they prove pretty relevant.
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