I'm expecting some sideways trading in the range of 44k-49k in the coming week, possibly a brief push above 50k. Real uptrend to start when 50/200 MA ("golden cross") is reached. Late August will be paving the way for an extremely bullish September. Continuing my HODL strategy. Will buy more in case of an unexpected dip.
Comment:
Things looking as expected. If I were to guess, thursday and friday will see some gains, followed by a weekend correction towards 42k at worst, 44 at best. Next week looking very bullish imo. Daily MA50/200 golden cross mid/late next week hopefully.
Comment:
50/200 MA didn't move as fast as expected as sideway trading has been continuing for longer than I thought it would. I would guess we will continue to see sideway movements until mid september. Probably again some brief pushes above 50k and some dips to 46k or even 44-45k. Buying in such dips would be a good idea.