1 - 0.23 fib retracement held strong
2 - momentum continues with some profit taking on fibo extensions
3 - targeting Previous highs around 11560 ( different values for every exchange) check the charts yourself.
4 - liquidations on short side continue and dip buying forcing higher lows on smaller timeframes
5 - 10k psychological levels broken means bull rally continues for many investors
6 - market will always correct ( pullback, retracements,etc) and the smaller the retracement the more powerful the trend becomes
2 - momentum continues with some profit taking on fibo extensions
3 - targeting Previous highs around 11560 ( different values for every exchange) check the charts yourself.
4 - liquidations on short side continue and dip buying forcing higher lows on smaller timeframes
5 - 10k psychological levels broken means bull rally continues for many investors
6 - market will always correct ( pullback, retracements,etc) and the smaller the retracement the more powerful the trend becomes
Note
12949 Bitmex, Great job bulls. Seeing some profit taking here. but people still want in without a healthy correction. II'm doing another analysis for the pullback levels
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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.