Things weren't as clear as I thought they were in my previous idea. We're holding our ground in such way that a bullish outcome is not unlikely, but we'll find out soon-ish. I still think we'll be going sideways for a bit around this level, and things will probably get as exciting as dangerous once we reach the blue area around $8.4K-$8.5K.
If you look and the chart formation since late-mid November, the nature of the following movement should be bullish, and there are too many people who will see this moment as a trend reversal confirmation. I would wait a bit longer before making such claim, but it's possible.
My expected target will be around $9.5K, and from there lots of things could happen, so maintain your guard up for now. It wouldn't surprise me if we manage to reach $10K once again, but crashing down to $5K wouldn't surprise me either. For me those levels (above $10.5K and below $5.5K) are the zones where I could embrace the bullish bias with a fair amount of certainty.
That's it,
Stay safe!
Cheers!
If you look and the chart formation since late-mid November, the nature of the following movement should be bullish, and there are too many people who will see this moment as a trend reversal confirmation. I would wait a bit longer before making such claim, but it's possible.
My expected target will be around $9.5K, and from there lots of things could happen, so maintain your guard up for now. It wouldn't surprise me if we manage to reach $10K once again, but crashing down to $5K wouldn't surprise me either. For me those levels (above $10.5K and below $5.5K) are the zones where I could embrace the bullish bias with a fair amount of certainty.
That's it,
Stay safe!
Cheers!
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.