About 8 hours ago we got the golden cross and that provided the final confirmation for entry. I stayed up late to make sure that I didn’t miss it. There was good volume behind the pump and I expected us to breakthrough $8,200 while I was sleeping.
Unfortunately the price has pulled back for another $8,000 retest. The bulls mounted a good defense right before the last candle closed. Now we are looking at a bullish wick that should provide some momentum to the upside.
If so then it will form a small cup & handle or inverse h&s. If looking to enter a long then this could be a good opportunity.
Stop loss is set just under $7,750 and the profit targets are $9,950 and $12,450.
Happy trading and remember that following is free!
Unfortunately the price has pulled back for another $8,000 retest. The bulls mounted a good defense right before the last candle closed. Now we are looking at a bullish wick that should provide some momentum to the upside.
If so then it will form a small cup & handle or inverse h&s. If looking to enter a long then this could be a good opportunity.
Stop loss is set just under $7,750 and the profit targets are $9,950 and $12,450.
Happy trading and remember that following is free!
emasar Indicator is available for purchase at alphanalysis.io/product/emasar/