For now yes still bullish and expect higher prices. With that said we are due for a 20% if not a 30% correction for quite some time.
While the current price volatility may be brutal technically we are still holding structure quite nicely.
After braking 38k we seen a nice ABC pull back to the bottom of our ascending channel and indeed put in a lower low but with a swing failure pattern.
Following this low we have also put in a higher high and now possibly putting in a new higher low right at the bottom of our ascending channel and daily support level.
Still targeting 39k area cool off and hopefully push up to 48k.
Still need to be aware that market is extremely over heated leading to high volatility and due for a correction.
Trade Well.....
While the current price volatility may be brutal technically we are still holding structure quite nicely.
After braking 38k we seen a nice ABC pull back to the bottom of our ascending channel and indeed put in a lower low but with a swing failure pattern.
Following this low we have also put in a higher high and now possibly putting in a new higher low right at the bottom of our ascending channel and daily support level.
Still targeting 39k area cool off and hopefully push up to 48k.
Still need to be aware that market is extremely over heated leading to high volatility and due for a correction.
Trade Well.....