on the monthly timeframe we can see that we had a doji formed at the top of the uptrend in APRIL. we then had a bearish engulifing candle on the month of MAY. i am looking to buy at the previous resistance level between 19k and 13k. PATIENCE is key. we are still in a BULLISH market with a minor retracement.
How can you expect a Bullish market after hitting 13K?
Mo_Rashid
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@MASHTR, because overall we are in a bullish market. but currently we are heading down (retracement).
price action at its best.
MASHTR
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@Mo_Rashid, Retracement to 13K from 64K? And still in a bull market? Sorry but this s funny :)
Mo_Rashid
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@MASHTR, we had a retracement from 20k to 3k . did you find that funny?
MASHTR
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@Mo_Rashid, No, because it was a BEAR market. Defining this dramatic drop as a "BULL market or retracement" is funny..Then, we are always in a bull market according to your mindset, never a bear market since 2014 :)
Mo_Rashid
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@MASHTR, thanks for your input. if you disagree with my analysis its fine.
MASHTR
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@Mo_Rashid, "Patience is key" I totally agree with this opinion.
Duaneellsworth9626
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13 to 15k probably gunna happen, more than likely a strong wick through these levels and pop up