Outside of upper Bollinger Band on daily, could see a slight correction to 59k, then a continuation on to 63.9k then 67-68k. Unless the trend channel is broken, I could see another corrective but bullish continuation pattern forming. Also eyes on the RSI. Anything above 90 in danger zone in this market and is likely to lead to some sell pressure.
Comment:
Looks like it was an extended corrective candle and we wicked down the 78.6% FIB retracement level.
Comment:
CryptoQuant posted false bearish sell signal + funds rebalancing towards end of Q1 = Dumped sooner than I expected. I expect bullish momentum over coming weeks.
Trade closed: target reached:
Target actually hot hit but took longer than expected@
*Not Financial Advice*
*Only Risk What You Can Afford To Lose*
*Just Ideas, Not Investment Advice*
*Trade At Your Own Risk*
*Only Risk What You Can Afford To Lose*
*Just Ideas, Not Investment Advice*
*Trade At Your Own Risk*
