Hello again.
We have a pretty simple chart this time around. daily or weekly is the go to chart at this stage. All other time frames will make your head spin.
RSI is pointing to bullish. Crossing the RSI wedge will rocket the price to next target.
MA are going to work as resistances on the way up, but helping to form fractal IHS (inverted head and sholders) as we move up.
Stay safe. Use SL, and remember to profit when profitable, this market will eat you.
-B
We have a pretty simple chart this time around. daily or weekly is the go to chart at this stage. All other time frames will make your head spin.
RSI is pointing to bullish. Crossing the RSI wedge will rocket the price to next target.
MA are going to work as resistances on the way up, but helping to form fractal IHS (inverted head and sholders) as we move up.
Stay safe. Use SL, and remember to profit when profitable, this market will eat you.
-B
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And one a little closer, for short term targets.
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Parallel update on this setup. Where we follow the progress more closely and frequently.
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Plenty of headroom on the RSI, just short of 60 right now. IHS is almost ready to be broken out of. Stay tuned, push will happen very shortly if it's meant to be.
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Everything looks nominal.
First hurdle on the way to 9k is MA200 @ 8100. Small hick-up and then push.
First hurdle on the way to 9k is MA200 @ 8100. Small hick-up and then push.
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Still on track:
Ahead of halving, and the IHS fractal would help breaking the ATH res for a solid bull market confirmation.