Well, this is something most, if not all of wants it to happen (:
But lets look technically.
Weekly timeframe: as we can see, the price formed a huge cup and handle, and also broke it, helping the price reach the 100K mark. We can also see that the mark was the 1.618 fibo level, which is quite and extension. However, the break up of the cup and handle yet to be completed, and guess what - it is aligned with the 1.272 fibo level of the last running leg (interesting).
During the past two weeks or so, we can see a very strong outflow from the coin, shaking up the boat and dancing around the 95K price level.
Looking at the CMF, i see:
Long term (up to 3 month): a decline in demand but still very bullish
Mid term (up to 1 month): a strong decline, touching the bearish
Short term (up to a week): neutral to bearish trend
We have less than a month for trump to sit on the chair, will we pass the 100K bar before or trump will give it a kick once he will sit on the chair?
Not advice, stay safe
Disclaimer: This analysis is for informational purposes only and should not be considered financial advice. Always conduct your own research before making investment decisions.
But lets look technically.
Weekly timeframe: as we can see, the price formed a huge cup and handle, and also broke it, helping the price reach the 100K mark. We can also see that the mark was the 1.618 fibo level, which is quite and extension. However, the break up of the cup and handle yet to be completed, and guess what - it is aligned with the 1.272 fibo level of the last running leg (interesting).
During the past two weeks or so, we can see a very strong outflow from the coin, shaking up the boat and dancing around the 95K price level.
Looking at the CMF, i see:
Long term (up to 3 month): a decline in demand but still very bullish
Mid term (up to 1 month): a strong decline, touching the bearish
Short term (up to a week): neutral to bearish trend
We have less than a month for trump to sit on the chair, will we pass the 100K bar before or trump will give it a kick once he will sit on the chair?
Not advice, stay safe
Disclaimer: This analysis is for informational purposes only and should not be considered financial advice. Always conduct your own research before making investment decisions.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.