Hi Everyone! I hope everyone is doing okay these days. Simply providing an update on current Upward Momentum that appears to be with us the remainder of this week and potentially all of next week. Yes, we will likely find resistance at $25,000 for a while. Will we see a breakout above $25,000? It's certainly possible... If we see a breakout, we can anticipate around $27,500 to $27,860. Which would put us around the White Diagonal Trend Line shown on this 8h chart below:
Remember; during a period of upward pressure; we can anticipate sideways at worst or upward at best. Where is "sideways at worst?" That would be between the red and yellow diagonal trend lines on the 8h trend chart (above). If we see upward at best during this period of upward pressure; I'm anticipating the price running up to proximity of the white diagonal trend line on the 8h trend line chart. Which would put us around $27,500 to $27,860. Simply depends on what point in "time" we make a run to the white diagonal trend line. Is there a guarantee we run up to the white diagonal trend line? No... I'm simply pointing out we have potentially a substantial amount of time remaining in this period of upward pressure. And that "during this period of time" we have plenty of "time" to potentially breakout above $25,000 to the White Diagonal Trend line in the 8-hour chart above.
I hope this was helpful.
If you don't mind; take a moment of your time to click the "rocket" icon at the bottom right of the chart to show your support and help push this publication up in the que of "crypto ideas."
Thank you for your valuable time; and as always; Stay Awesome!
David
Remember; during a period of upward pressure; we can anticipate sideways at worst or upward at best. Where is "sideways at worst?" That would be between the red and yellow diagonal trend lines on the 8h trend chart (above). If we see upward at best during this period of upward pressure; I'm anticipating the price running up to proximity of the white diagonal trend line on the 8h trend line chart. Which would put us around $27,500 to $27,860. Simply depends on what point in "time" we make a run to the white diagonal trend line. Is there a guarantee we run up to the white diagonal trend line? No... I'm simply pointing out we have potentially a substantial amount of time remaining in this period of upward pressure. And that "during this period of time" we have plenty of "time" to potentially breakout above $25,000 to the White Diagonal Trend line in the 8-hour chart above.
I hope this was helpful.
If you don't mind; take a moment of your time to click the "rocket" icon at the bottom right of the chart to show your support and help push this publication up in the que of "crypto ideas."
Thank you for your valuable time; and as always; Stay Awesome!
David
Nota
Short Term Group:
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Macro Group:
Super Macro Group:
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Exención de responsabilidad
La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.