Its all in the charts. Check the 320 primarily. Compare it to whats happening on even higher time frames yourself if you want but I figured this was enough since the higher time frames basically showed the same thing as the 320 but with less inbetween. I just wanted this for more "detail" so you can get an idea what to look for in the mean time.
Regular bearish divergences on stochastic logistic at the bottom. I know theres a gap between it, but remember this is 320 minute - if you look on day its much clearerer, but here you can see the smaller peaks in the middle have their own divergence happening. Each peak had less momentum until the last boomed like it should. But less momentum then the boom before. So most likely bearish right now. However if you look on the Phoenix and Chande Momentum theres a bit of hidden bullish divergence. Possibly a little bit more gas before it drops but I don't see it going above the resistance bars I painted, at least by much. Also take a note of how the mid resistance bar is effectively rising each peak - bigger peaks and valleys incoming possibly?
Regular bearish divergences on stochastic logistic at the bottom. I know theres a gap between it, but remember this is 320 minute - if you look on day its much clearerer, but here you can see the smaller peaks in the middle have their own divergence happening. Each peak had less momentum until the last boomed like it should. But less momentum then the boom before. So most likely bearish right now. However if you look on the Phoenix and Chande Momentum theres a bit of hidden bullish divergence. Possibly a little bit more gas before it drops but I don't see it going above the resistance bars I painted, at least by much. Also take a note of how the mid resistance bar is effectively rising each peak - bigger peaks and valleys incoming possibly?
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I had 4 lower time frames I wanted to include to give an idea what to watch for but Tradingview didnt like it on top of all the indicators and lines.
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Also thats totally an RSI logistic, not a stoch. Woops. The rest of my charts were on stoch but the RSI seems better for higher time frames. Oh well.
I'm looking to buy in at 0.382 or 0.5 fib points ideally, maybe hit the first peak if it hits the 1 and buy back in at 0.5 or 0.618 and I'm guessing this next one will just barely pass 1.618, maybe even past the painted resistance a little, but will ultimately go back down before the next target that it looks like people agree will be around 63k.
Also I feel the Tesla acquisition is going to be nuts
I'm looking to buy in at 0.382 or 0.5 fib points ideally, maybe hit the first peak if it hits the 1 and buy back in at 0.5 or 0.618 and I'm guessing this next one will just barely pass 1.618, maybe even past the painted resistance a little, but will ultimately go back down before the next target that it looks like people agree will be around 63k.
Also I feel the Tesla acquisition is going to be nuts
take the brown acid