Bull Run Stage 1: 46,000. What You Say?
Weekly Time-frame
We have tested the $44,400 it seems like we have reach the top already. Will see what the daily TF will tell us. $43,132 needs to hold to continue the trend to the upside flipping it and making it a demand zone would mean we can have a breakout to the double bottom.
1D Time-frame
We are currently in the supply zone if demand is greater than supply then we can expect more pump to the upside. Daily time-frame is still bullish. Greed and Fear index is #47 which is neutral. If we don't hold it then short position from $44,400 to the downside.
4H Time-frame
4h TF is bullish we have higher high for our Awesome Oscillator and made a higher high candle. I hope you all took profit from the drop before it went up. It was a risky trade indeed. not good to sit on a rocket ship. I will always inform if we are having some reversal trade so all will be careful in entering the position.
We will discuss more on the possibility on our Live. Stay tune and check with us!
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Disclaimer: Above Technical Analysis is pure educational information, not Investment Advice. The information provided on this post does not constitute investment advice, financial advice, trading advice, or any other sort of advice and you should not treat any of the website's content as such. Do conduct your own due diligence and consult your financial advisor before making any investment decisions.
We have tested the $44,400 it seems like we have reach the top already. Will see what the daily TF will tell us. $43,132 needs to hold to continue the trend to the upside flipping it and making it a demand zone would mean we can have a breakout to the double bottom.
1D Time-frame
We are currently in the supply zone if demand is greater than supply then we can expect more pump to the upside. Daily time-frame is still bullish. Greed and Fear index is #47 which is neutral. If we don't hold it then short position from $44,400 to the downside.
4H Time-frame
4h TF is bullish we have higher high for our Awesome Oscillator and made a higher high candle. I hope you all took profit from the drop before it went up. It was a risky trade indeed. not good to sit on a rocket ship. I will always inform if we are having some reversal trade so all will be careful in entering the position.
We will discuss more on the possibility on our Live. Stay tune and check with us!
Want more insights before US market open? Hit Like, Share, and Subscribe for more daily trading tutorial & cryptocurrency news
Trade Scholar, the best cryptocurrency educational community online!
Find the content above difficult to understand?
Feeling lost about how to trade?
Want to learn how to do your Own Price Prediction?
We endeavour to share you our investment knowledge & experience in order to help you starting your path to financial freedom. Follow, Subscribe & Join our Community to trade together!
Disclaimer: Above Technical Analysis is pure educational information, not Investment Advice. The information provided on this post does not constitute investment advice, financial advice, trading advice, or any other sort of advice and you should not treat any of the website's content as such. Do conduct your own due diligence and consult your financial advisor before making any investment decisions.
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