💥Haven't had any real retracement happen yet but I'm still keeping it up as we've yet to see anything solid. Though I could be wrong and we could simply form another leg up but I'd like to see some retracement happen first else we could be in for a storm if bears wanted to hit us with a real good mountain exit up there and cause a sell off as they've done before. Personally I wouldn't mind being wrong but we've seen it happen too many times already where we have this crazy rally up and hover for a bit before really really retracing ourselves back down, finding our footing at a new point and THEN progressing back up to form a new high.
💥We've already set in this relatively new high at that $21,500 point basically and found a support at $21,100 we'll say for now though that's yet to be confirmed again and so we're just playing this tug a war with our 200 EMA on the shorter time frame. I'll be happy to see us move up another leg but technical wise that's pretty hard to see happening so for now I'm gonna view $21,100 and below as a stop loss point should we hit that and fail to form support again. Leaving it at that since stuff is just in a tug a war but keep watch. As always this is simply an observation and not any financial advice so again just an observation by a simple Rock! If you'd like to leave a like or follow it'd be much appreciated! Thank you.
~ Rock '
💥We've already set in this relatively new high at that $21,500 point basically and found a support at $21,100 we'll say for now though that's yet to be confirmed again and so we're just playing this tug a war with our 200 EMA on the shorter time frame. I'll be happy to see us move up another leg but technical wise that's pretty hard to see happening so for now I'm gonna view $21,100 and below as a stop loss point should we hit that and fail to form support again. Leaving it at that since stuff is just in a tug a war but keep watch. As always this is simply an observation and not any financial advice so again just an observation by a simple Rock! If you'd like to leave a like or follow it'd be much appreciated! Thank you.
~ Rock '
