For me personally; it's about 70% back to my original plan of capitulation to $5100 with a big volume candle followed by a ranging trend. And then 30% that we are already inside the ranging U bottom (in my most recent post).
The move went higher than expected to $7350 where I expected it to stop around $7200 which made my original plan a failed prediction. However; this latest price action has a lot of strength.. in which I feel there are a few more legs downward.
Another recent change was the weekly MACD is trying to cross back over to the downside whereas inside that last pump when the week candle closed; it was actually crossed to trend upwards.
How to trade in here? Unless you're really good; don't.
The only way to trade is to accumulate & hold for 6+ months.
The move went higher than expected to $7350 where I expected it to stop around $7200 which made my original plan a failed prediction. However; this latest price action has a lot of strength.. in which I feel there are a few more legs downward.
Another recent change was the weekly MACD is trying to cross back over to the downside whereas inside that last pump when the week candle closed; it was actually crossed to trend upwards.
How to trade in here? Unless you're really good; don't.
The only way to trade is to accumulate & hold for 6+ months.
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.