Crazy, crazy market. But bullish. Hate bears, they are blind - imho. The level of $9200 - $9350 is holding the price, but the breakdown of one will be bad for market. Important - downward spike is ok, fixation below $9200 is truly bad.
We need to remember about GAP on the CME. Its downward border is located at the ±8750 level. More likely we will see the price there at this week. Moreover, there is located the important horizontal level of the descending channel which we need to re-test. Therefore, the overall trend is bullish, that's what we need to keep in mind.
If the price consolidates above the $9350 level for a long time, we can start gaining LONG position even there and place additional buy orders in the $8500 - $8700 range. The breakout of the ascending resistance will lead to another pump where $16000 will seem very realistic.
We need to remember about GAP on the CME. Its downward border is located at the ±8750 level. More likely we will see the price there at this week. Moreover, there is located the important horizontal level of the descending channel which we need to re-test. Therefore, the overall trend is bullish, that's what we need to keep in mind.
If the price consolidates above the $9350 level for a long time, we can start gaining LONG position even there and place additional buy orders in the $8500 - $8700 range. The breakout of the ascending resistance will lead to another pump where $16000 will seem very realistic.
Klondike Official Links:
Website:
klondikepro.com/
Public Telegram Channel:
t.me/CryptoKlondike
Twitter:
twitter.com/Robert_Klondike
Trade on Bybit with us:
partner.bybit.com/b/6694
Website:
klondikepro.com/
Public Telegram Channel:
t.me/CryptoKlondike
Twitter:
twitter.com/Robert_Klondike
Trade on Bybit with us:
partner.bybit.com/b/6694
Related publications
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.
Klondike Official Links:
Website:
klondikepro.com/
Public Telegram Channel:
t.me/CryptoKlondike
Twitter:
twitter.com/Robert_Klondike
Trade on Bybit with us:
partner.bybit.com/b/6694
Website:
klondikepro.com/
Public Telegram Channel:
t.me/CryptoKlondike
Twitter:
twitter.com/Robert_Klondike
Trade on Bybit with us:
partner.bybit.com/b/6694
Related publications
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.