In May we saw a major Bull trap which touched $679 before resuming the general bear trend.
The support level at $445 was tested in august and finally broke in september.
This chart gives an idea of price action had the bull trap not happened - we would have touched
the lower support line and be on our way out of a completely deflated bubble.
Anyway, the May scenario looks to be repeating itself and we're now about to retest the $239
support level. If this breaks we could drop fast and retest the main support at around $170:ish
before we start a slow bull march along the mean.
Disclaimer: I trade and chart for myself - please do not accept this as actual trading advice.
Happy trading!
/Esper
The support level at $445 was tested in august and finally broke in september.
This chart gives an idea of price action had the bull trap not happened - we would have touched
the lower support line and be on our way out of a completely deflated bubble.
Anyway, the May scenario looks to be repeating itself and we're now about to retest the $239
support level. If this breaks we could drop fast and retest the main support at around $170:ish
before we start a slow bull march along the mean.
Disclaimer: I trade and chart for myself - please do not accept this as actual trading advice.
Happy trading!
/Esper
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.