Looking the the start of the 2017 bull run, the first big run up wicked a candle that exactly touched the bottom of the daily EMA. Looking at the current situation, we have the exact same wick down to the bottom of the EMA daily in this first run up of the bull market. This is a crazy coincidence!
Let's play with the idea that we are forming a fractal, which means we should expect 1-2 weeks of sideways action, before another drop down (still targeting the
25K level from my last post). Then we're heading up higher to my next bull run target of $70k.
We are definitely in for a wild ride!
Let's play with the idea that we are forming a fractal, which means we should expect 1-2 weeks of sideways action, before another drop down (still targeting the
25K level from my last post). Then we're heading up higher to my next bull run target of $70k.We are definitely in for a wild ride!
Nota
Looking a bit more into the current price action, we may also be forming a descending triangle. This gives a lowest target of just under $20k! Wow!I'll still be targeting the
25K number for accumulation and exiting trades however. I feel like anything below this will be short lived.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.