This is the chart I'm using to guide the top and bottom of the cycle.
Now that we've decisively broken above the bull/bear line, the next targets on the chart are $83-$86k and then $123k-127k.
Those should be significant resistances where price will reject. If we make it up to the top resistances, I think that will mark the end of the cycle.
As long as we don't break below $66k after touching those resistance levels, price will remain bullish.
If we break below $66k, then the $9k bottom is possible.
Simple as that.
Now that we've decisively broken above the bull/bear line, the next targets on the chart are $83-$86k and then $123k-127k.
Those should be significant resistances where price will reject. If we make it up to the top resistances, I think that will mark the end of the cycle.
As long as we don't break below $66k after touching those resistance levels, price will remain bullish.
If we break below $66k, then the $9k bottom is possible.
Simple as that.
Not
First resistance hit. I expect to chop around this range before seeing a pullback to $66k-72kNot
Good level to take profit at $91.3k. I expect a move to $72k or $66k over the coming weeks before the final leg up.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.