Hello again!
Hopefully we stopping for a second to reflect on how very fortunate we are to be on top of the wave and the TA is going better than a trader ever could hope.
OK..
We are seeing an exhaustion in the drop and a "megaphone" a widening descending wedge that will soon start to look as a bear flag, but not a sustainable such. This will not succeed to become bearish as the pattern is over exhausted and is market and sentimental is moving up. The breakout of this wedge will probably cause a spike in a price rally up as seen in the guided projection est. 9500$.
MACD turning bullish on the trend-line.
Here is the movement in 4h:
And here we can see the "megaphone" widening (flag) descending wedge fractal on daily chart from price 3200 through 14k down to 8300 and the smaller fractal from 8300 up to 10,6k now down to 8500:
!!!!! Stoch has bottomed on daily at 8-9 and is now turning up, indicating weeks of bullish movement still ahead. !!!!!!!
All the best, buckle up and go long!
-B
Hopefully we stopping for a second to reflect on how very fortunate we are to be on top of the wave and the TA is going better than a trader ever could hope.
OK..
We are seeing an exhaustion in the drop and a "megaphone" a widening descending wedge that will soon start to look as a bear flag, but not a sustainable such. This will not succeed to become bearish as the pattern is over exhausted and is market and sentimental is moving up. The breakout of this wedge will probably cause a spike in a price rally up as seen in the guided projection est. 9500$.
MACD turning bullish on the trend-line.
Here is the movement in 4h:
And here we can see the "megaphone" widening (flag) descending wedge fractal on daily chart from price 3200 through 14k down to 8300 and the smaller fractal from 8300 up to 10,6k now down to 8500:
!!!!! Stoch has bottomed on daily at 8-9 and is now turning up, indicating weeks of bullish movement still ahead. !!!!!!!
All the best, buckle up and go long!
-B
Comment:
correction* *smaller fractal from 6300 up to 10,6k now down to 8500:* (and not 8300)
Trade active:
4H movement spot on:
Trade active:
Trade active:
And as I posted above, the new green line was the same fractal but with adjusted time. Seems to hit hard now. Enjoy!
Trade active:
Next resistance is 9200 followed by 9500, after that it should make a small cool down, before hitting the 10k price..
Adjusted the same fractal to now match the timeline better
Adjusted the same fractal to now match the timeline better
Trade active:
