Playing around with various indicators and chart patterns to sketch out a possible scenario over the next couple of months. Currently long - will be taking profit at the 0.5 fib which lines up with the top of the daily flat ichimoku cloud (not shown) and lower pitchfork band that has been fairly reliable these past few months. Then I will be looking for longs (mex...
Just looking at the 4 hour ichimoku cloud, where we are now seems eerily similar to where we were back on the 20th July after the huge dump to $1850 odd (indicated by 2 white circles). We'd just broken out the 4 hour cloud and what followed was a $700 green daily candle. Could history repeat itself? A short squeeze doesn't seem out of the question.
