i think we have broken out of the channel again. i know almost everyone has moved their trend line but it does not make sense to do that as their are clearly more touch points respected on our older descending channel that we had been following. our breakout earlier this year looks like it tried to come back and test resistance as support and fell through miserably(although i believe that crash was manipulation at the highest levels) now we have broken out again with force and huge volume. question is will we come back to test it again? will it hold if we do or will we go lower? i think the crash was what we needed to start our new bull run. any input is greatly appreciated.
Comment:
also talking with a friend who is very familiar with the order book. that last leg from 9k from 9500 may have been shorts getting liquidated as the order book does not show the required buys to push it up that high. so for my chart i have drawn a trend line at 9k and what we are now in is a BULLISH ASCENDING TRIANGLE. get ready for the breakout to 10k guys