I do expect a move up to 70k, but I need a break of 67k on SOS to consider it .
Unless it goes back under 58k on mad supply, What I could expect next is a retracement back of the daily-weekly actual accumulation.
So as I stated, retracement testing back the last support of the accumulation cycle is what I expect next before it would break upward, since demand have been calming down for now. Which would be even better since it could give better entries on a nice dip forming on light supply, giving a great stop loss.
Considering the heavy demand that has emerged, a retracement to 65.7k as first area to consider & and light supply showing there would be a good place to initiate positions. for a nice scalp long to 66k . { But what I could suspect is another move to 66k, then a real retracement back to 63k-64k, which a break under 65k-65.2k would be a sign of what it is doing, has to be monitored..} WHICH IS ALSO WHY STAYING CAREFUL AND MONITORING ANY LONG CURRENT POSITIONS, remains extremely important right now.
From where I could at least expect another touch of 66k next before it could retrace lower;
Re-accumulation on the 15 minutes
Will be updated as it moves.
Daily
Weekly
Monthly
Unless it goes back under 58k on mad supply, What I could expect next is a retracement back of the daily-weekly actual accumulation.
So as I stated, retracement testing back the last support of the accumulation cycle is what I expect next before it would break upward, since demand have been calming down for now. Which would be even better since it could give better entries on a nice dip forming on light supply, giving a great stop loss.
Considering the heavy demand that has emerged, a retracement to 65.7k as first area to consider & and light supply showing there would be a good place to initiate positions. for a nice scalp long to 66k . { But what I could suspect is another move to 66k, then a real retracement back to 63k-64k, which a break under 65k-65.2k would be a sign of what it is doing, has to be monitored..} WHICH IS ALSO WHY STAYING CAREFUL AND MONITORING ANY LONG CURRENT POSITIONS, remains extremely important right now.
From where I could at least expect another touch of 66k next before it could retrace lower;
Re-accumulation on the 15 minutes
Will be updated as it moves.
Daily
Weekly
Monthly
Comment:
posted the update in the comments by accident.
Comment:
67k on light supply could give another nice buy entry
Comment:
A break upside 68.5k on SOS would be a good sign that we are moving to higher level
Trade closed: target reached
Comment:
But what I could suspect is another move to 66k, then a real retracement back to 63k-64k, which a break under 65k-65.2k would be a sign of what it is doing, has to be monitored
both of the move predicted, new idea gonna have to be publish.
But what I could suspect is another move to 66k, then a real retracement back to 63k-64k, which a break under 65k-65.2k would be a sign of what it is doing, has to be monitored
both of the move predicted, new idea gonna have to be publish.