The higher time frames are looking bullish to me, if you go back to 2015 on the log scale this break out looks similar to the one before the bull run of 2017 (right after that bull market) same sort of set up. If we do what we did then, it seems like going to $10,000 is in play after this breakout, which would probably be followed by a 30-35% retrace before resuming the trend upwards (if history rhymes).
Looking like a bull flag, don't know if we will make it to the end of the triangle before the breakout though. In the 4 hour we have time to continue the trend upwards (probably with a parabolic burst after this coil).
Looking like a bull flag, don't know if we will make it to the end of the triangle before the breakout though. In the 4 hour we have time to continue the trend upwards (probably with a parabolic burst after this coil).
評論:
*Right after the bear market** correction