This is an interesting setup here. Looks like a bull-flag forming here on daily. Also interesting is the Triangle formation and appears to be breaking it. Might see some moves up, (perhaps 10-11K?) then a possible retrace back down to the 6900-7250 area. I am not giving a time-frame, because its Russian Roulette with crypto, however, a lot of positive stir (Catalyst) with rumors of Coinbase adding alts, and ETF, could start the next rally, if not started by technical breakout.
This is a longer term play, so bitmex'ers should use 5x if you are longing.
Please comment your thoughts guys, I am new at charting. (Though I have had good success so far.)
This is a longer term play, so bitmex'ers should use 5x if you are longing.
Please comment your thoughts guys, I am new at charting. (Though I have had good success so far.)