Hi guys,
I noticed a few boolish aspects of this year's TA and I wanted to make some updates from previous chart :
1. The descending channel seems to have been broken out of and price is attempting to hold the 30k area.
2. I marked with a red bubble every confirmation of the descending channel going down, it should also confirm the "going up" part of the process.
3. The measured move from the bottom applied to the end of the current correction suggests we might still have a chance at 48k this year.
Let's trade better, together !
I noticed a few boolish aspects of this year's TA and I wanted to make some updates from previous chart :
1. The descending channel seems to have been broken out of and price is attempting to hold the 30k area.
2. I marked with a red bubble every confirmation of the descending channel going down, it should also confirm the "going up" part of the process.
3. The measured move from the bottom applied to the end of the current correction suggests we might still have a chance at 48k this year.
Let's trade better, together !