Got a buy signal on the weekly chart first time in a very long time resistance levels on this are very far apart if we can break the first one the gains could be insane gl!
Approaching the end of this triangle low risk high reward trade setup shown gl!
We're in a range of $7600-$8200~ pay attention to a break on either end if we fall below we have good support and the 50ema around the $7200 level and if we break $8200 I can see us testing the $8800~ region again + the chance of making higher highs, A lot are calling for $6800 and lower which I think is very plausible but reality is we may not see sub 7k levels...
Attempt to catch an early trend reversal, trade setup outlined take profits at fib levels gl!
Trade setup outlined profit take at fib levels gl!
with the series of bull flag/pennant breakouts another one could be playing out in this uptrend watch for a close above the pennant gl
If it breaks out of our flag with volume ride it up gl
So I looked over some data just out of curiosity and comparing the retracements in the last bull run to our recent run up, the last bull run had 6 drops and I worked out the average drop was 34.6% compared to our current run up we have seen 8 drops and the average comes out to 14.99%, so what does this mean? nothing at all maybe...is the trend stronger? or just...
All signs pointing to the upside let's see if this can play out gl.
Finding support on our previous high and consolidating before an anticipated move up buy the break gl.
We have just broke out of our bull flag and volume seems to be picking up ride it to profit target gl!