Slow and steady bullish trendline since late July with supporting Fibonacci levels. I expect another 7-10 days of lateral movement below the $4000 level followed by another energetic 2-3 day bull-run.
Note the falling wedge pattern that developed today. A falling wedge in a bullish trend is a great opportunity to scalp a few bucks (if you're an experienced trader, that is). I expect a breakout within the next 24 hours that will retest the $4000 level at minimum. Might blow right through it too, who knows? A common indicator that a falling wedge is about to breakout is falling volume as the market consolidates. A spike in volume after it breaks out is a good sign that a larger move is imminent.
Note the falling wedge pattern that developed today. A falling wedge in a bullish trend is a great opportunity to scalp a few bucks (if you're an experienced trader, that is). I expect a breakout within the next 24 hours that will retest the $4000 level at minimum. Might blow right through it too, who knows? A common indicator that a falling wedge is about to breakout is falling volume as the market consolidates. A spike in volume after it breaks out is a good sign that a larger move is imminent.
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.