Target: $6k
Time range: 1 month
Target is shown as the point at which the regression lines meets up with the current trendline. In other words, we will be retesting the bear market breakout point at around the 5k/6k range. This is a longer term trade. As such, those entering the trade should be mindful that there are numerous supports between the current price point and the target, and that significant volatility should be expected.
Time range: 1 month
Target is shown as the point at which the regression lines meets up with the current trendline. In other words, we will be retesting the bear market breakout point at around the 5k/6k range. This is a longer term trade. As such, those entering the trade should be mindful that there are numerous supports between the current price point and the target, and that significant volatility should be expected.
Nota
We just bounced off of a minor support, it might be best wait for entry until the bounce has topped outNota
The bounce could go as high as ~11200.Nota
Bounce is over, we're about to drop again.Nota
The bounce off of the 10k level could bring us back up to more or less where we are now - ~10800Nota
Looks like we'll be range bound between 10800 and 10000 for up to 8 days or so, with the price bouncing between those two price points several times.Nota
Nota
As stated in my initial post, this is a longer-term trade. It's really hard to predict price movements at smaller timeframes. Even if you're exceptionally good at it, you are still playing with fire. Again, the prudent approach is to keep the short open until the target is reached or indications show that the target is no longer viable. That said, in the interim, here's what I see happening: Nota
pardon the working trendlines... Nota
that failed spectacularly... next stop 8880Nota
Update:
Nota
we should be hitting ceiling any minute now, at around 10200Nota
That was the ceiling, here's the next couple of days Nota
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.