Hello traders,
The daily candle closes in 30 minutes and is just under resistance looking ready to explode.
Weekly STOCH RSI starting tp point up.
Honestly it's possible we get a $10,000 weekly candle to retest the downtrend from ATH's.
From there we either get a 3rd validation point on the downtrend and reject starting the next major sell off or someone break it which I can't see happening considering the pi-cycle top signaled April 14th, 2021 at the exact top. Last time that happened was December 2017 at the previous ATH.
There's a chance we still reject the weekly open but the weekly candle was very strong and daily candle about to possibly close above the descending triangle at the daily close.
STAY SAFE, IF YOU DON'T DO YOUR OWN TECHNICAL ANALYSIS DON'T BLINDLY FOLLOW OTHERS. DO YOUR OWN RESEARCH AND LEARN EVERYTHING YOURSELF OTHERWISE YOU WILL NOT MAKE IT LONG TERM.
THIS IS NOT FINANCIAL ADVISE JUST MY PERSONAL THOUGHTS.
The daily candle closes in 30 minutes and is just under resistance looking ready to explode.
Weekly STOCH RSI starting tp point up.
Honestly it's possible we get a $10,000 weekly candle to retest the downtrend from ATH's.
From there we either get a 3rd validation point on the downtrend and reject starting the next major sell off or someone break it which I can't see happening considering the pi-cycle top signaled April 14th, 2021 at the exact top. Last time that happened was December 2017 at the previous ATH.
There's a chance we still reject the weekly open but the weekly candle was very strong and daily candle about to possibly close above the descending triangle at the daily close.
STAY SAFE, IF YOU DON'T DO YOUR OWN TECHNICAL ANALYSIS DON'T BLINDLY FOLLOW OTHERS. DO YOUR OWN RESEARCH AND LEARN EVERYTHING YOURSELF OTHERWISE YOU WILL NOT MAKE IT LONG TERM.
THIS IS NOT FINANCIAL ADVISE JUST MY PERSONAL THOUGHTS.