It seems we are bottoming,check the 6.5-7k from where we had the 1k+ pump candle.
1)RSI acts the same.
2)Price Action almost identical.
Everyone is expecting doom,i think we might have one more drop till 7900 area or consolidate here and then bounce hard.
If this happens,we had the retrace 2 from 1-5 EW and we expect a very big 3rd leg up.
Not advice :) Cheers
1)RSI acts the same.
2)Price Action almost identical.
Everyone is expecting doom,i think we might have one more drop till 7900 area or consolidate here and then bounce hard.
If this happens,we had the retrace 2 from 1-5 EW and we expect a very big 3rd leg up.
Not advice :) Cheers
Note
Check the RSI: Whenever it passed 50,it played a bit around it then Boomed strong.
Buy :)
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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.