Ok. If historic trend pattern continues....would expect sideways movement between low 4k and mid 5k with possible spike to 10k-ish possible (6-7 months based on past performance?) in the mean time. Would consider entry points below 5K to be reasonable to HOLD for long term profit taking as low 4K support trendline appears to be intact with multiple bounces since June 2022.
If this repeating descending triangle pattern plays out overtime, once again, a spike to 14K or above is a reasonable long term (12 to 16 months) outlook.
Will follow....
Good luck traders!
If this repeating descending triangle pattern plays out overtime, once again, a spike to 14K or above is a reasonable long term (12 to 16 months) outlook.
Will follow....
Good luck traders!
Trade active
Found support at low 4K area and so far has bounced off this support target. Would watch for more bullish continuation towards 7K area again and watch for rejection and big pull back if that price level is reached.
Not really sure times are right for a bug jump to 14K-15K level yet but will follow....
Good luck traders!
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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.