So far this has been textbook. All that is needed next is to break and hold above the 52/53k level (golden pocket) and the accumulation pattern will be completed. Also note that the DXY and crypto markets are "running together" (as best as you can compare them) this week with the s&p still on a parabolic curve that is tightening at the lower time frames into a rising wedge top it all off with the VIX, SKEW, and SDEX all signaling (IMO) a HUGE transition in the markets in the coming weeks/months. My best guess/hope is that US based Corporations have been adding crypto to their ledgers as well as an influx of US based crypto firms and companies starting to form behind the scenes. This might be the reason the DXY and TOTAL are "running together"
I'm not a day trader but I'm hoping that this brings some good price action for you guys/gals!!
I'm not a day trader but I'm hoping that this brings some good price action for you guys/gals!!