HELLO AGAIN TRADERS,
As predicted in my last two posts, it is taking a few attempts to definitively break through the DOWS THEORY level (50% retracement) of $3124 and leg up into .5/6.18 range and continue the upward trend. As mentioned previously, looking left on our chart we see the last time we were rangebound in this area following the MAY 2021 crash, it took us nearly 12 days to definitively leg up into the next range between $3124 & the $3428 (.618 fib retracement).
WELL, it has been 10 days that we have been attempting to break this overhead resistance and it is my strong belief that we are still in a bullish trend and should break through this overhead resistance in the next few days. The RSI is nearing oversold areas and the macro BITCOIN is still holding above $40k, which is the best indicator that we are still in a bullish range.
ENTRY: RIGHT NOW
First target: $3124
Second target: $3428
Third target: MOON
IF YOU AGREE, PLEASE LIKE AND FOLLOW FOR FUTURE POSTS AND IDEAS!!!
(THIS IS NOT FINANCIAL ADVICE)
As predicted in my last two posts, it is taking a few attempts to definitively break through the DOWS THEORY level (50% retracement) of $3124 and leg up into .5/6.18 range and continue the upward trend. As mentioned previously, looking left on our chart we see the last time we were rangebound in this area following the MAY 2021 crash, it took us nearly 12 days to definitively leg up into the next range between $3124 & the $3428 (.618 fib retracement).
WELL, it has been 10 days that we have been attempting to break this overhead resistance and it is my strong belief that we are still in a bullish trend and should break through this overhead resistance in the next few days. The RSI is nearing oversold areas and the macro BITCOIN is still holding above $40k, which is the best indicator that we are still in a bullish range.
ENTRY: RIGHT NOW
First target: $3124
Second target: $3428
Third target: MOON
IF YOU AGREE, PLEASE LIKE AND FOLLOW FOR FUTURE POSTS AND IDEAS!!!
(THIS IS NOT FINANCIAL ADVICE)
