Time to join the bubble again.
We have finished an intermediate cycle :
- price broke the FIB 50% retracement at 12.415
- RSI had left the oversold territory and printed a nice divergence
-MACD is trying to cross over
- At the final ICL price broke down the 100 SMA and almost tagged the 200 SMA
Yesterday price just reached the 10 EMA and today we broke the moving average and right now attacking the 20 EMA .
AT the same time the intermediate trend line is broken.
We are heading to 16.000 and this will be the most powerful part of the bubble.
We have finished an intermediate cycle :
- price broke the FIB 50% retracement at 12.415
- RSI had left the oversold territory and printed a nice divergence
-MACD is trying to cross over
- At the final ICL price broke down the 100 SMA and almost tagged the 200 SMA
Yesterday price just reached the 10 EMA and today we broke the moving average and right now attacking the 20 EMA .
AT the same time the intermediate trend line is broken.
We are heading to 16.000 and this will be the most powerful part of the bubble.
Note
Trendline backtested.
Note
This is the market where we don’t get screwed.Buy.buy.buy.
Note
MACD crossed overNote
It seems we ar going to test the 200SMA before breqking to new highs. I’m going to hedge the position and reipen the longs when we tag the 200 SMA.
Note
The bull is not over yet .
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Related publications
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.