Hi Guys and Ladies,
First zoom in and out a bit from the 1h to the 4h/D that just gives better perspective on the chart.
Looking at the chart it gives a break down of why we are still in a bear market and that the bull run is done, this is a continuation of my previous chart with some updates done to it. I believe that we are heading to the 5000 -5200 mark in the next month or two followed by a breakout over the 10K mark.
Trading strategy for now is to follow the bigger descending channel that will eventually break out but I would recommend trading the shorts from a high level at each profit taking level.
Hope you like this
Regards
First zoom in and out a bit from the 1h to the 4h/D that just gives better perspective on the chart.
Looking at the chart it gives a break down of why we are still in a bear market and that the bull run is done, this is a continuation of my previous chart with some updates done to it. I believe that we are heading to the 5000 -5200 mark in the next month or two followed by a breakout over the 10K mark.
Trading strategy for now is to follow the bigger descending channel that will eventually break out but I would recommend trading the shorts from a high level at each profit taking level.
Hope you like this
Regards