As discussed previously, we saw clear divergence on 15min chart and after testing patience of bull by doing one more lower low on price chart price has indeed moved up.
This is the usual trick, they took out retail longs and their stops, this is the area to be careful, see doing analysis is not hard, having patience and deep enough pockets to follow the analysis is hard. haha
So what's next?
As market on chart, we can expect price to move ahead, we have already taken out and travelling well above daily vwap, we are just around weekly, so that should be crossed too and eventually monthly vwap crossover is possibility.
Where is the target?
Primary target I'm expecting is 28400
We may hit 30k before having significant enough correction though.
Till then, trade away the ranges, although they are large ranges due to BTC volatility.
Just be careful and trust your own analysis.
This is the usual trick, they took out retail longs and their stops, this is the area to be careful, see doing analysis is not hard, having patience and deep enough pockets to follow the analysis is hard. haha
So what's next?
As market on chart, we can expect price to move ahead, we have already taken out and travelling well above daily vwap, we are just around weekly, so that should be crossed too and eventually monthly vwap crossover is possibility.
Where is the target?
Primary target I'm expecting is 28400
We may hit 30k before having significant enough correction though.
Till then, trade away the ranges, although they are large ranges due to BTC volatility.
Just be careful and trust your own analysis.
Comment:
Almost hit target, was not online, but 28k+ was a good move. We may see some consolidation here till the market again makes a mood for further move.
