expect breakout upwards within the next two/three weeks until beginning of June. Last chance to buy cheap. Before we might hit the lower resistance at 7.7 - 7.8k.
Comment
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distinct close to the downside equals idea invalidated
Hi, Mikenz, how are you? In your opinion, is 4K still possible?
Sidney-CWB
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Have a nice Sunday!! :)
MrRenev
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Great call!
villar.martin
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I think we are still on track for the classic seasonal june pump. This is the triangle currently in play, IMO.
mikenz
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@Villar.martin, possible scenario. I dont really believe in the upper trendline though. think it should head from the top at near 20k, giving a current resistance level of about 9100 USD to confirm breakout upwards
TTN-
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So now we batten down the hatches and wait 1 -1.5yrs for the next cycle to start? If the past cycles are anything to go by in my opinion. Any comments on that possibility?
mikenz
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@TTN-, possible. who knows. I recommend: you need to keep different scenarios in mind and react accordingly instead of falling in love with one certain idea. I believe 1 year should be about the max.
imdrax
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is the window closed yet or what, we're about to break your triangle down
AgSm
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Wow! I'm impressed. Amazing work! Thank you for sharing Mikenz