The exspected consolidation stopped near by the min fibo correction Level (tp1 former view) and a big bullish hammer candle was formed. Such a candle is a signal that the momentum is still strong bullish and the buying pressure is still given.
The Level to watch is now: 4500$
Breaking that Level should initiate a new buying wave up to 4.800 respective 6.000$!
Trading below 3.800$ means aiming the former BO-Level at ~ 2.900$
Former view: Is it time to short the Beast?
The Level to watch is now: 4500$
Breaking that Level should initiate a new buying wave up to 4.800 respective 6.000$!
Trading below 3.800$ means aiming the former BO-Level at ~ 2.900$
Former view: Is it time to short the Beast?
הערה:
prepare for breakout!
הערה:
הערה:
nxt 1 ?
הערה:
aha
הערה:
last resistance before we see the breakout..but watch the rsi, he is soon making a sellingsignal in this tf
הערה:
RSI!
הערה:
and here we see the break out
הערה:
kissing the bo-level
