This is a bit out of my expertise.
THe price broke above the pattern and reached the first target.
Since then it's bneen a trenders market. Simply buying, holding and raising stop losses above in case the trend changes.
They have their systems and strategies, and I'm just waiting for a Breakout pattern to form.
However, the price is above both 20MA and 200MA which makes the bias continued to be bullish.
The next target I can imagine is none other than a psychological level at 40,000.
Then we could see consolidation and range boundedness for a while.
THe price broke above the pattern and reached the first target.
Since then it's bneen a trenders market. Simply buying, holding and raising stop losses above in case the trend changes.
They have their systems and strategies, and I'm just waiting for a Breakout pattern to form.
However, the price is above both 20MA and 200MA which makes the bias continued to be bullish.
The next target I can imagine is none other than a psychological level at 40,000.
Then we could see consolidation and range boundedness for a while.
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Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
www.facebook.com/groups/matitrader
🌐Website:
www.timonandmati.com
💰FREE Discord:
discord.gg/c8f37kyv35
Twitter:
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)