Hi guys,
Things are really looking up. We are now trading outside of the downwards channel with what i think is lots of accumulation in the 8,000-$8,400 range.
We seem to be in a new upwards channel (in green) and have the following areas of resistance to overcome:
$8,450
$8,650
$8,900
If these levels are overcome, we should easily be in the $9,000-$9,200 area for some side ways action for a few days time where most people will decide if they are bulls or bears. I think that lots will decide to go back to being bulls as we see all coins pickup.
This is what I see happening but Only time will tell.
Good luck and dont forget to give a thumbs up. its always appreciated.
Things are really looking up. We are now trading outside of the downwards channel with what i think is lots of accumulation in the 8,000-$8,400 range.
We seem to be in a new upwards channel (in green) and have the following areas of resistance to overcome:
$8,450
$8,650
$8,900
If these levels are overcome, we should easily be in the $9,000-$9,200 area for some side ways action for a few days time where most people will decide if they are bulls or bears. I think that lots will decide to go back to being bulls as we see all coins pickup.
This is what I see happening but Only time will tell.
Good luck and dont forget to give a thumbs up. its always appreciated.
Comment:
we have good support at 8 to 8.1K
Comment:
We are in the up channel
Comment:
This now is the calm before the storm. I'm expecting a strong breakout soon where the bulls will want to test the top of the channel. We are also currently in a possible right shoulder of a small inverse H&S. We need to go above 50EMA on the 30 minute chart.
The order books are a little confusing though as volume is very low on buying with sudden bursts on selling but we are still gradually grinding up. This is why i/m feeling bullish. Lets see what happens...
The order books are a little confusing though as volume is very low on buying with sudden bursts on selling but we are still gradually grinding up. This is why i/m feeling bullish. Lets see what happens...
Comment:
Comment: