3 Indicators, if they hold and become support this thing will explode before January.
1) Hold the Bullish strip (21 Week EMA and 20 week SMA) and the 120 Daily EMA:
Today just touched it between 51K and 53K and it closed above both.
2) Breakup descending wedge pattern and hold yellow ascending trend line:
A clear wedge that has a goal of over $70K if it breaks up in the next few days
3) Confirming as support the 0.618 Fib level:
from the bottom and resuming up, usually is great support.
If all of this doesn't hold I will be hedging and trading some of it to the downside for more consolidation, probably untel January of next week.
Remember:
a) Always trade with a plan and strategy: Analyse thoroughly and mark your supports and resistance levels to sell and buy and DON'T change them
b) Never forget the macro, especially in crypto: so don't sell your HODL positions.
c) Invest like institutions: DCA when there is fear in the market and don't buy or sell all at once.
NEVER trade with your emotions.
Best of luck everyone!!!
1) Hold the Bullish strip (21 Week EMA and 20 week SMA) and the 120 Daily EMA:
Today just touched it between 51K and 53K and it closed above both.
2) Breakup descending wedge pattern and hold yellow ascending trend line:
A clear wedge that has a goal of over $70K if it breaks up in the next few days
3) Confirming as support the 0.618 Fib level:
from the bottom and resuming up, usually is great support.
If all of this doesn't hold I will be hedging and trading some of it to the downside for more consolidation, probably untel January of next week.
Remember:
a) Always trade with a plan and strategy: Analyse thoroughly and mark your supports and resistance levels to sell and buy and DON'T change them
b) Never forget the macro, especially in crypto: so don't sell your HODL positions.
c) Invest like institutions: DCA when there is fear in the market and don't buy or sell all at once.
NEVER trade with your emotions.
Best of luck everyone!!!