Short and sweet
We are on the verge of heading much higher, not only with all of the fundamentals in the news recently.. But also this is what price action is telling us...
We need to break out above the red resistance box, break up through $38,700 with a volume supported bounce to test it as support.
Once we do that, we will likely revisit the all time high at $42,000
If we break above that, then sky is the limit,
First careful zone to take some profit would be in the $46,000 / $47,000 areas.
If we don't manage to break out above the resistance box, We will likely come back down towards the Support Zone again. Though i find this highly unlikely.
This is not financial advise!!!!!
We are on the verge of heading much higher, not only with all of the fundamentals in the news recently.. But also this is what price action is telling us...
We need to break out above the red resistance box, break up through $38,700 with a volume supported bounce to test it as support.
Once we do that, we will likely revisit the all time high at $42,000
If we break above that, then sky is the limit,
First careful zone to take some profit would be in the $46,000 / $47,000 areas.
If we don't manage to break out above the resistance box, We will likely come back down towards the Support Zone again. Though i find this highly unlikely.
This is not financial advise!!!!!