🔥 Hey! Hope everybody's doing well. I've been on sort of a hiatus this month dealing with a lot of unexpected things that have come up but alas I've switched to part time so I'll be back to posting more frequently as I use to before and introduce some stuff as we progress so thanks for tuning in, especially if you've stuck around!
🔥 For now we've seen this rally happen and it could potentially turn into a parabolic rally depending on how strong this resistance at that $21,498 mark by which $21,500 is going to be that resistance point for us and set up the next set of things basically. This could turn into a parabolic rally should that resistance prevent us from breaking and cause us to lose our 200 EMA in the process by which then we should look at the markings that I've had marked down for months now above.
🔥 I understand the chart doesn't look the prettiest but were not here for looks and glam right now, just facts and indicators and those lines will do us just fine. I personally expect some form of retracement in the least but whether or not we'll just have retracement or a fall is gonna depend on that $20,600 resistance mark so that'll be something to pay mind to. I've got to run and go deal with some things but hopefully that should provide some clue as to what we could be looking at.
🔥 Personally following a big move like this I usually keep watch for retracement as it's to be expected and is healthy else you risk falling off the mountain and losing that 200 EMA in a dramatic way by which then we don't simply glide down but fall off the cliff in a way so what happens today will definitely be that deciding factor to what may remain to be seen for crypto. I'll post more later but if you'd like to leave a like or follow it'd be much appreciated, thank you.
~ Rock '
🔥 For now we've seen this rally happen and it could potentially turn into a parabolic rally depending on how strong this resistance at that $21,498 mark by which $21,500 is going to be that resistance point for us and set up the next set of things basically. This could turn into a parabolic rally should that resistance prevent us from breaking and cause us to lose our 200 EMA in the process by which then we should look at the markings that I've had marked down for months now above.
🔥 I understand the chart doesn't look the prettiest but were not here for looks and glam right now, just facts and indicators and those lines will do us just fine. I personally expect some form of retracement in the least but whether or not we'll just have retracement or a fall is gonna depend on that $20,600 resistance mark so that'll be something to pay mind to. I've got to run and go deal with some things but hopefully that should provide some clue as to what we could be looking at.
🔥 Personally following a big move like this I usually keep watch for retracement as it's to be expected and is healthy else you risk falling off the mountain and losing that 200 EMA in a dramatic way by which then we don't simply glide down but fall off the cliff in a way so what happens today will definitely be that deciding factor to what may remain to be seen for crypto. I'll post more later but if you'd like to leave a like or follow it'd be much appreciated, thank you.
~ Rock '