Structural analysis, as I see it, we may have a brief pull back to the 86-79K area before resuming the bullish trend. I see very small risks to go back to the 73K area, of course, it is always a possibility. Everything depends on the FED's monetary policy.
DISCLAIMER.
Trade with caution. Make your own research and plan. I own several cryptocurrencies, including bitcoin. This is not a financial advice, it represents merely an opinion only.
Good luck!
DISCLAIMER.
Trade with caution. Make your own research and plan. I own several cryptocurrencies, including bitcoin. This is not a financial advice, it represents merely an opinion only.
Good luck!
Trade closed: target reached
The upper target has been reached. However, the fact that price action didn't touch the lower box, means orders non filled will be trailing the opportunity to do so. We have entered discovery price mode. Next target I would expect is 120K, based on the logarithmic approach (not in display).
DYOR. Not a financial advice.
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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.