TheAuthorityReborn

TheAuthorityReborn

Possible inverse head and shoulders on the hourly, taking us back up to the $9k's...

TheAuthorityReborn

On the weekly view - assuming we close like this - we have broken out of a diagonal overhead resistance that has been plaguing us since December 2017. I don't see how anyone can look at this chart and not be bullish. This in combination with us about to close a 7th weekly green candle screams new bull market to me. Am I wrong?

TheAuthorityReborn

Retrace to $8.8k then clear $10k. Let's do this.

TheAuthorityReborn

Glorious. Just glorious. Next meaningful resistances $8.4k and $8.8k approximately...

TheAuthorityReborn

Bullish case: bull flag break-out and test top of channel, before coming back down to test the top of the bull flag channel, then eventually busting through the upper channel on the next attempt. Could take a week. Maybe quicker.

TheAuthorityReborn

Looks like we find ourselves back int the channel we were previously in...

TheAuthorityReborn

We are currently retesting that previous diagonal resistance now turned support. After this I expect us to have a crack at previous highs at $7.5k in the next few days, before the next meaningful resistance at $7.7k - $7.8k.