The first point is the Fibonacci Extension that points the 1.61 mark which is a common target
The second point is the obvious head and shoulders.
The last point is the AB=CD trend from previous lows.
all 3 targets range from 69200 to 69500
When you have 3 points like this all we need to do is wait for the 4h candle to close above the ATH (or the psychological resistance of 60k) and confirm a breakaway towards the upside.
I will be personally opening a Long around 60k after the 4h candle closes above 60k
Note: I am new at crypto trading, and in no way an expert. So take what I say with a grain of salt and not actual financial advice.
The second point is the obvious head and shoulders.
The last point is the AB=CD trend from previous lows.
all 3 targets range from 69200 to 69500
When you have 3 points like this all we need to do is wait for the 4h candle to close above the ATH (or the psychological resistance of 60k) and confirm a breakaway towards the upside.
I will be personally opening a Long around 60k after the 4h candle closes above 60k
Note: I am new at crypto trading, and in no way an expert. So take what I say with a grain of salt and not actual financial advice.
Feb 28, Mar 25, and today Apr 7 (if we do in fact have reached a bottom, yet to see)
another observation is that we have hit the 59k-60k resistance 6x times as of the time of writing. This is a very good bullish signal. will the 7th time be the one that breaks upwards, or are we going downwards to fill in the 54k CME gap?