The latest "bull" move seems to have topped out at a nice confluence. Hindsight is 2020.... too. 2022...
Confluence:
- 1.618 extension off the low.
- 382 retracement of the bear move from 69k to 32k
- 12 Week EMA
- What about the 200 day MA?
I'm starting to feel bull, but we'll need to see this retrace with a proper bounce. Lots of indicators suggest an uptrend regardless if it is bull or a dead cat bounce. If we're lucky we'll retrace the bear move to 786 and get some nice bear entries after enjoying a nice bull rally. My count remains topped out at 69k, while some suggest 100k.
I'm willing to compromise at 75k based on some previous analysis but not 100k... let's see! :)
Confluence:
- 1.618 extension off the low.
- 382 retracement of the bear move from 69k to 32k
- 12 Week EMA
- What about the 200 day MA?
I'm starting to feel bull, but we'll need to see this retrace with a proper bounce. Lots of indicators suggest an uptrend regardless if it is bull or a dead cat bounce. If we're lucky we'll retrace the bear move to 786 and get some nice bear entries after enjoying a nice bull rally. My count remains topped out at 69k, while some suggest 100k.
I'm willing to compromise at 75k based on some previous analysis but not 100k... let's see! :)
News follows sentiment, sentiment doesn't follow news. Use TA and get ahead of the market.
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News follows sentiment, sentiment doesn't follow news. Use TA and get ahead of the market.
相關出版品
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。