This last new moon was a super moon and it's effects are becoming obvious, however a full moon is on the rise on the 14th so I don't think this rally will last past that date.
There is further upside to be had, my target is towards the top of the triangle (10,800 to 11k range). This could be over the next week and no later than the 11th in my opinion. If that price range is hit I am expecting price to shortly fall out of the massive descending triangle once again going into a full moon and not coming back up to 10k for some time after.
There is further upside to be had, my target is towards the top of the triangle (10,800 to 11k range). This could be over the next week and no later than the 11th in my opinion. If that price range is hit I am expecting price to shortly fall out of the massive descending triangle once again going into a full moon and not coming back up to 10k for some time after.
Comment:
10,750 reached so far, a little sooner than expected. 10,800 - 11k still quite possible
Trade closed: target reached:
I've taken some profit here; there could very well be further upside over the next few days, but I'm playing it safe. Still expecting the drop around 9/14
Trade active:
Rejection of higher prices (above 10,900) means it's now a good time to short in my opinion, going into the next full moon on the 14th
