In the 4-hour chart it is likely that a Pattern is forming.
Why do I think that?
It's because in the 4-hour chart we have just touched the 50 , which builds support for the right shoulder on the neckline.
Br , siwe7
If it holds, a H&S seems likely to me.
If not, we will see a correction far beyond 10k. best would be around 7k. Than we might see transition from EW 2 to EW 3.
It depends on the 50 MA, whether it holds or not. if it holds, a H&S seems likely to me. if not, we will see a correction far beyond 10k. best would be ~7k.
hehe, that's the beauty on trading, but i hope at least one of has is right... because then i'd have to give up crypto, since it is too complicated, and stick to stocks and funds ;)