Nice correction, 3300 support held up well and it seems like we're set to converge on this H4 MACD. Estimated high of 3700, low of 3200.
Price action's retaining the upper trendline, could be a sign of a big breakout incoming. A quick push to 3700 range would likely cause a sudden market correction so trade cautiously. A dip could push us out a few days; H4 MACD is closing in. I'm expecting 3300 support to hold but the lower trendline seems more realistic.
Added a lower trendline in the case there's a hard reset within the upcoming week. Overall very bullish momentum imo; we broke past 3300 resistance zone quite easily. 3500 within the next day or so seems reasonable. Could see some sideways action before flipping the upper trendline (see yesterday's prediction).
Daily MACD rounding out, I think we could make a solid push for 3500 sometime EOW. Expecting some resistance within the indicated area. 200EMA support should hold.
Looking at a potential breakout soon. If we dip, I think we can safely hold 2900 range.
Momentum still a bit on the bearish side but I'm confident we can make a push during this cycle. Holding 2800 support looks crucial. Just looking to bounce at this point.
We push here or next support is 200EMA. FUD kicking in. A close near 2900 would be a good sign.
Forced into some more sideways action; double-top could push us down into 2800 range if 3k doesn't hold. I still believe we're bullish overall just another potential shakeout.
Dipped a bit lower than expected but at least we're back to 3k. I'm anticipating 3300-3500 range for this upcoming week.
Waiting on daily, momentum seems bullish overall; a close above 2950 would create a nice hammer setup. Unless we drop below 2850 in the next hour, I think we're back to flipping 3k.
A lot of belief that this China crypto ban is FUD due to numerous past attempts; I find it to be rather concerning considering it's consistently a topic of interest. Say China is able to 'restore' financial order through stricter mandates, what's to stop the US from following. We already know that the $1 trillion infrastructure bill will likely pass (vote on 9/27)...
Flipped the upper trendline; not an engulfing candle reversal but I think we're looking at something similar to the August run. Closing daily above 3150 would be a really good sign for the week to come. Still expecting resistance around 3300 with a high of ~3500 before further correction.
Maybe a quick push to 3300 but I'm expecting a few more days of sideways action before the next run.
Need a good push here or we could see another dip to 2500-2600 range; this would be the last imo. Reversal could send us to 200EMA (~3300) before expected resistance.
Momentum still a bit bearish imo. 3k support holding but we'll see; If we don't dip I expect a day or so more of sideways action before the next push. ---- Due to House Rules violation (Rules 2 & 11), my last three posts have been flagged. Please note that I had no intentions of breaking any rules when posting; I tried to keep things as inconspicuous as possible...
Still bullish momentum. D1 MACD looks nice. I'm expecting a breakout soon to 3700 range then possibly 3900 or ATH. If we dip, I'm looking for a cup&handle pattern off 200 EMA.
Nice hold so far, I expect one or two bounces off previous resistance before completing this correction.
Sticking with H1 today but daily and weekly charts look strong as well. Just waiting on this 200 EMA flip. Expecting some resistance around 3550; if we break past then I'd set my close around 3700.