Last bullish movement before bull market opens
Triangle pattern has formed on the 30m & 1hr timeframe, expecting a breakout to the low side (following the current trend.) I have set my buy points at $31,000 & $30,500 but if you really want to push it price may hit the September support ($30,200 - $29,600) and that would also be a brilliant buy but a push.
After the price drops more i expect to see an impulsive move to the upside very quickly as we have not seen prices this low in a long while and may never see these prices again.
If you are interested in how and when the big upwards movements will take place check out my idea comparing the April 2021 drop and the current drop we are experiencing now, there are a few interesting points. (Linked in the related ideas !)
After the price drops more i expect to see an impulsive move to the upside very quickly as we have not seen prices this low in a long while and may never see these prices again.
If you are interested in how and when the big upwards movements will take place check out my idea comparing the April 2021 drop and the current drop we are experiencing now, there are a few interesting points. (Linked in the related ideas !)
Comment:
Just like to add on the daily timeframe we are still looking to go bullish fairly soon, if you wish to open a short position be careful and watch multiple timeframes.