Last time two times BTC tested this trend line and the base of the RSI pattern we rocket up 40% and 70%.
The RSI pattern looks to be coiling up for a final explosive move for now, with an RSI target of 74.35.
With the market currently being in fear on the fear and greed index, I will be adding more to my position, on this trend line retouch with a tight stop not FA.
We can expect the 20 and 55 EMA to cross bearish for a day or two, as it did on the previous test.
My target on the next pump is 79424 which I feel is conservative.
Nothing about this chart is bearish yet. In order for me to reconsider one of these will need to happen:
Price 10% below trend line closed on a daily candle.
Another outside event dumping the market.
SPY taking a dump > 8 %.
Price closes beneath 50000.
The RSI pattern looks to be coiling up for a final explosive move for now, with an RSI target of 74.35.
With the market currently being in fear on the fear and greed index, I will be adding more to my position, on this trend line retouch with a tight stop not FA.
We can expect the 20 and 55 EMA to cross bearish for a day or two, as it did on the previous test.
My target on the next pump is 79424 which I feel is conservative.
Nothing about this chart is bearish yet. In order for me to reconsider one of these will need to happen:
Price 10% below trend line closed on a daily candle.
Another outside event dumping the market.
SPY taking a dump > 8 %.
Price closes beneath 50000.
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.