1) Broke above mini downtrend November 2nd.
2) ATH November 9th.
3) Deviation/liquidity grab November 10th.
4) Retested the uptrend (trend-line area of interest) November 16th.
5) 4 hour & 1 day momentum oscillators in the oversold zone.
6) Current zone is either.
A) The demand zone for the next pump to "TEST" on the chart ($70,000+) or
B) A trap before eventually falling back into the downtrend and retesting the uptrend from the last few months ($50,000+)
7) The trend is up until proven otherwise.
Until the uptrend gets flipped into resistance and breaks below there's no reason to panic, but if that happens sometime in Q4 2021 or early Q1 2022 then I'd say the market sentiment has shifted bearish.
Personally, I've had 0 skin in the game but will be trading again soon.
Cheers, and have a good week.
Like/comment if you'd like to show your support.
👍
2) ATH November 9th.
3) Deviation/liquidity grab November 10th.
4) Retested the uptrend (trend-line area of interest) November 16th.
5) 4 hour & 1 day momentum oscillators in the oversold zone.
6) Current zone is either.
A) The demand zone for the next pump to "TEST" on the chart ($70,000+) or
B) A trap before eventually falling back into the downtrend and retesting the uptrend from the last few months ($50,000+)
7) The trend is up until proven otherwise.
Until the uptrend gets flipped into resistance and breaks below there's no reason to panic, but if that happens sometime in Q4 2021 or early Q1 2022 then I'd say the market sentiment has shifted bearish.
Personally, I've had 0 skin in the game but will be trading again soon.
Cheers, and have a good week.
Like/comment if you'd like to show your support.
👍
Trade active:
Nothing has changed, just noise.
Nothing has changed, just noise.