Hello, Ive been swing trading with high leverage as always and will post my trades below, but now is very important since we are coming up to a big move. Usually trading on the weekends trading volume is low and people take profit, yet we didn't see that and saw more push upwards pretty much creating a double top at 9014, yet whats next?
Well going off what i see in the chart is weakness in the bulls not knowing if they should long atm as this morning we saw rise, yet with volume same as one hourly bull candle it took less to slam it down to the ground losing alot of last nights gains, yet still in profit.
Right now if you going to go long you need wait to see a break of 8959 (around 9hrs or before), if it doesn't break that we break under the higher lows trend line as shown. It could have a retracement back to 8564 or even as low as 8196. Remeber with the halving the bottom has to double which the bottom is bewtween low 6k bear mim or in the 7k range. Right now price is well above bear mim for post halving. Watch for the pull backs and recommended to buy in the 7k range.
Well going off what i see in the chart is weakness in the bulls not knowing if they should long atm as this morning we saw rise, yet with volume same as one hourly bull candle it took less to slam it down to the ground losing alot of last nights gains, yet still in profit.
Right now if you going to go long you need wait to see a break of 8959 (around 9hrs or before), if it doesn't break that we break under the higher lows trend line as shown. It could have a retracement back to 8564 or even as low as 8196. Remeber with the halving the bottom has to double which the bottom is bewtween low 6k bear mim or in the 7k range. Right now price is well above bear mim for post halving. Watch for the pull backs and recommended to buy in the 7k range.
Comment:
Looks like we got the hammer right at the 8959
m.imgur.com/a/fLGJJ5e