FET looking for breakout, but BTC looks pessmistic
2024-10-11

FET clean chart. Broke out of long term trendline, re-tested horizontal level twice and looking for a break out of the trend line re-test slope.

However, BTC looking suss so it remains to be seen whether we respect this bounce from 1.266 horizontal level. Otherwise we're looking at break down past 1.266, and test the diagonal trendline around at 90c. We just need BTC to behave a bit better but because of all this talks of Uptober, it's likely to stay crabbing in a sideways market for a bit longer IMHO.  9.9 times out of 10, when we expect something big to happen in the market, it doesn't. There's just too many narratives around BTC halving and pattern repeats itself for the 4th time yadi yada, the market won't just let the retail have it that easy.

Note to self: I should counter-trade these big events and will have more luck. Food for thought