Consolidation at the bottom took longer than I thought and extended out of the original triangle I drew. The trade is still active, and looks to make a move in the next few hours. Sellers are exhausted at the bottom after 10 hours of failing to breach the original support at 750.
Comment:
The original set-up is no longer valid, but price is testing support. There is a 4M BTS wall at this level that is keeping upward momentum from starting. After this wall, there is nothing but moon. Watch this wall closely, as when it drops it will be a fast run up to .00001000
The original set-up is no longer valid, but price is testing support. There is a 4M BTS wall at this level that is keeping upward momentum from starting. After this wall, there is nothing but moon. Watch this wall closely, as when it drops it will be a fast run up to .00001000
Looks like we're hitting good counts on this latest move. If you're not already in this trade, buy in at point e before the move to take-off.