Quite a bit of profit taking here as the distribution similarities to earlier this year continue to play out. (See my prior idea.)
I am still in this trade unless we see a hard pull back but the lower trendline at around 63k seems to be (just like the prior pattern) the home base we return to prior to pushing up higher.
Obviously not financial advice. You should do your own research.
I am still in this trade unless we see a hard pull back but the lower trendline at around 63k seems to be (just like the prior pattern) the home base we return to prior to pushing up higher.
Obviously not financial advice. You should do your own research.
Note
We should know tomorrow whether we roll over or just a temporary pullback. And yes, FWIW I am a perma-bull and hard for me to call a 2021 top of 76k but I am completely open to that. If that does happen, I do not think that is the end of the run however.
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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.