Well, as u might see on my related Idea, I was expecting a symmetrical bottom triangle breaking downwards, but seems like I was too early on the diagnose.
As the market continued to develop it's structure, we appreciate an ascending triangle, pushing price above the 4k big resistance.
This give us a consolidation level, and at the gate of a HUGE volume gap.
And mkt depth give us the idea of an increase in volume on the last 2 months.
Image: imgur.com/a/1mwsFEW
Disclaimer: This is not a investing advice. The black forecast I draw is just one (1) of many possibilities, it all depends on the money flow, specially fresh money flow. At this moment I'm trading this idea, so it might be subjective. You must do due diligence.
As the market continued to develop it's structure, we appreciate an ascending triangle, pushing price above the 4k big resistance.
This give us a consolidation level, and at the gate of a HUGE volume gap.
And mkt depth give us the idea of an increase in volume on the last 2 months.
Image: imgur.com/a/1mwsFEW
Disclaimer: This is not a investing advice. The black forecast I draw is just one (1) of many possibilities, it all depends on the money flow, specially fresh money flow. At this moment I'm trading this idea, so it might be subjective. You must do due diligence.
Trade stängt manuellt:
Since there is some price lag between markets, and it already touched the TP, I will close this trade.
The target actually was 5.2k, sry for unaccuracy.
Thx!
The target actually was 5.2k, sry for unaccuracy.
Thx!
