Lower lows on chart while higher lows on RSI gives bullish divergence, meaning the bears are loosing steam. Long term target might be where the 200 EMA meets earlier major support at around 69000 sats.
Wanna see how this idea plays out :)
Wanna see how this idea plays out :)
Comment:
Here we go, 18% up for the day so far! Let's see if we can go all the way to the major resistance line in red.
Comment:
Target reached, and what a move!
We already pierced the resistance at 69000. If we can break through properly, next target is around 90000 satoshis.
We already pierced the resistance at 69000. If we can break through properly, next target is around 90000 satoshis.
Comment:
Second target reached!
Expecting a correction before we move to around 110000 satoshi.
Expecting a correction before we move to around 110000 satoshi.
Comment:
So we actually moved to 110000 satoshi BEFORE the correction... I would wait for the correction to go down towards the 70000 area and watch price action before buying in again.