Hello traders!
I'm happy to announce that our $9200 & $9800 targets has been reached with confidence!
We printed new low, I did not expect that to happen tbh. Although final targets reached with confidence.
**If you open trades with me, open them with very small leverage in order to be safe. This type of volatility in the market can easily take you out.**
We have parallel channel of this huge weekly/monthly wave up. mid-point of this channel is $6500, it's where momentum should start slowing down and price action - flatten out.
As you can see, 0.5fib (gap between channel's upper line and mid point) acted as very strong resistance.
Huge demand will be there to buy any wick below that crucial mid point of the channel.
Zone of interest to open longs is at 6350-6050. I would consider these regions as a long term investment points.
Attaching macro view as well so that you have better perspective :) I called for mid 6k after we reached 13k.
I'm happy to announce that our $9200 & $9800 targets has been reached with confidence!
We printed new low, I did not expect that to happen tbh. Although final targets reached with confidence.
**If you open trades with me, open them with very small leverage in order to be safe. This type of volatility in the market can easily take you out.**
We have parallel channel of this huge weekly/monthly wave up. mid-point of this channel is $6500, it's where momentum should start slowing down and price action - flatten out.
As you can see, 0.5fib (gap between channel's upper line and mid point) acted as very strong resistance.
Huge demand will be there to buy any wick below that crucial mid point of the channel.
Zone of interest to open longs is at 6350-6050. I would consider these regions as a long term investment points.
Attaching macro view as well so that you have better perspective :) I called for mid 6k after we reached 13k.
