$LIT LIghter update: I calculated the target of 0.999 when we was at 1.30+ weeks ago.
Have you seen how the market is respecting that are with over 3 days consolidation?
Why 0.999 was that level and not 0.95 or 1.05? The math. And on #crypto it works much better because we don't have many news like on stocks.
Now again we can start to calculate some new projection at least with this new range created with the bounce, that should be the area 0.893, but to use Fibonacci would be better because I would like to find some deeper target if Bitcoin turn bearish again at least in the range 0.75-0.50 now.
Community can send some chart and projection, if you have it, in the comments below. 👇👇👇
$AXS axie infinity continue to show weakness vs $BTC and the Total Market.
We can see how recently is trying to make a pullback to the previous bulls demand zone and low lost plus the EMA50 and weekly average price, 4H chart.
The main bearish projection still have a target at 0.847.
Hard to think to a bullish scenario, it's a small cap, and sometime the moves and volumes come at surprise or just with a news.
May be some gamer can comment what they think now, after weeks, of the changes in the game that caused the rally up to 3$, and if in the long term this will really have an impact, or the destiny it's just to go back to new lows with the winter market.