It looks like we are in a similar situation to the 3200 bottom in 2019 and the Covid crash.
The red line looks respected in the last 3 months. Can we draw a channel starting from the midline?
Fractal From the virus drop on the 1D, adjusted on the 1hr
Tiny small FUN position with huge risk to reward ratio... Crazy... i am not a trader, i have no idea what i am doing, just having fun here...
i thing the leg down, caused by the pandemic, was unreasonable movement to the downside in view of TA, so it is possible that we see unreasonable swing move to the upside... we can reach 30k and see an year of consolidation after that... if we see some kind of black swan, it can go up to 100k ... all the roads lead to gold and bitcoin...
last time timed it perfectly... part 2 - let's see...
If gold does not hold this level, will try to go long again around 1700$. If 1700$ does not hold gold will go probably to 1600$. I am not a trader, just playing small and trying to learn with the pain ...
LOng! Expecting short squeeze. Nice SL. Volume decreasing.
Decreasing Volume and expecting short squeeze. Nice Stop Loss too!