The latest "bull" move seems to have topped out at a nice confluence. Hindsight is 2020.... too. 2022...
Confluence:
- 1.618 extension off the low.
- 382 retracement of the bear move from 69k to 32k
- 12 Week EMA
- What about the 200 day MA?
I'm starting to feel bull, but we'll need to see this retrace with a proper bounce. Lots of indicators suggest an uptrend regardless if it is bull or a dead cat bounce. If we're lucky we'll retrace the bear move to 786 and get some nice bear entries after enjoying a nice bull rally. My count remains topped out at 69k, while some suggest 100k.
I'm willing to compromise at 75k based on some previous analysis but not 100k... let's see! :)
Confluence:
- 1.618 extension off the low.
- 382 retracement of the bear move from 69k to 32k
- 12 Week EMA
- What about the 200 day MA?
I'm starting to feel bull, but we'll need to see this retrace with a proper bounce. Lots of indicators suggest an uptrend regardless if it is bull or a dead cat bounce. If we're lucky we'll retrace the bear move to 786 and get some nice bear entries after enjoying a nice bull rally. My count remains topped out at 69k, while some suggest 100k.
I'm willing to compromise at 75k based on some previous analysis but not 100k... let's see! :)
News follows sentiment, sentiment doesn't follow news. Use TA and get ahead of the market.
İlgili yayınlar
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.
News follows sentiment, sentiment doesn't follow news. Use TA and get ahead of the market.
İlgili yayınlar
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.