$9700-$9900 - April/May 2018 reversal points. Shorting this area = the next high risk move
- Rising wedge + falling volume suggests reversal (temporarily)
- $9700-$9900 = next bearish supply zone that front-ran $10,000 last spring
- High time frames beyond the Daily are oversold
Bear in mind (pun unintended), this is the bull market that should last over 2 years. It's never a smooth rise to the top. Exponential season starts right after price discovery at $20,000.
- Rising wedge + falling volume suggests reversal (temporarily)
- $9700-$9900 = next bearish supply zone that front-ran $10,000 last spring
- High time frames beyond the Daily are oversold
Bear in mind (pun unintended), this is the bull market that should last over 2 years. It's never a smooth rise to the top. Exponential season starts right after price discovery at $20,000.
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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.