Good morning everyone.
The entire market (crypto & tradionals) have been breaking ATH's (especially tradional stocks) like gold for example. Link has been outperforming BTC. It's time for BTC to shock people like LINK has been doing.
Uptrend has 3 solid points of contact (validation), while the downtrend has 2 solid points of contact (validation), however the downtrend wicked above, but recovered after.
White checkmarks = (validation) points
Yellow checkmarks = (invalidation) - in this case looks like double top. We've recovered since that drop already & with support.
(cme gap - 9600 - keep in mind gaps don't need to get filled right away - the 11800 gap wasn't filled for 2 years)
(where this rally started - the start green candle to spark attention - (9000 - 9250)
Be safe & stick to your plan (don't let emotions get in the way of your TA & bias)
Smash that like button if you appreciate the chart.
👍👍👍👍👍👍👍
The entire market (crypto & tradionals) have been breaking ATH's (especially tradional stocks) like gold for example. Link has been outperforming BTC. It's time for BTC to shock people like LINK has been doing.
Uptrend has 3 solid points of contact (validation), while the downtrend has 2 solid points of contact (validation), however the downtrend wicked above, but recovered after.
White checkmarks = (validation) points
Yellow checkmarks = (invalidation) - in this case looks like double top. We've recovered since that drop already & with support.
(cme gap - 9600 - keep in mind gaps don't need to get filled right away - the 11800 gap wasn't filled for 2 years)
(where this rally started - the start green candle to spark attention - (9000 - 9250)
Be safe & stick to your plan (don't let emotions get in the way of your TA & bias)
Smash that like button if you appreciate the chart.
👍👍👍👍👍👍👍
Note
In case you're wondering, you're looking at the 6 hour chart.Trade active
(breakout from prior high, retest, another leg up)
(or dump)
Trade active
Almost at the breaking point.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.