I spy with my eye an ascending triangle forming. Target is 43K. Selling in general markets and crypto feels exhausted. I'm all-in on this move! LET'S GO! :-)
or ascending wedge headed for the golden pocket retrace from the low then downtrend resumption. Alot bearish confluence between price and 43k but weak weekend volume could push it higher than expected.
LTSInvestor
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@Brote1n, And that is the big question... will this be a retrace to the .618, make a lower high, and then head back down to retest the lows or make a lower low...
mgghandali
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What about bearish penant?
LTSInvestor
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@mgghandali, that's a possibility but the oscillators are looking healthy and the general markets seem to have made a reversal (at least in the short term)