IS she going to hold ! Seems that lower wick wasnt just drama and capitulation, might be more of a statement then previously thought.
Maybe we get lucky and this turns into the current theme.
Are we possibly just getting ready to repeat this pattern? If thats true watch for the BIG moves to be on the THIS candle and the next.
Aged better then others , lol . Cant always be right . Just keep learning and trying to remain HUMBLE...
looks like we might finally be getting somewhere. Even if just setting up to finally FAKE out before a leg down BRIEFLY.
In a few months or a year from now this ENTIRE period will be looked at as a Golden buying opportunity. BUT for the minute and hourly traders. For the last week, YOUR golden zon to BUY is anywhere BELOW the RED line ... HOLD when in between the two lines, and really consider taking profits Above the top trend line ... and or at the top of trend line .
SADLY looking like the old support around $28,757 is flipping into resistance. Next stop psychologically the $25krange where beyond EMOTIONALLY speaking there's really not much support. Don't be shocked if you see $18-$21.5k become a temp. range on charts.
WILL this lead to a False rally to $29.2k and stay in this Bear flag tightening formation. OR do we break out of this down trend and rally back to the bigger trend line at $30K ?
The breakouts below trend are decreasing in depth NOT increasing. We continue to range tighter. If the bears don't get a real close below and truly break trend soon/BULLS WILL take back control. As always watch for the 32 fake. Maybe a relief rally this weekend followed by Drama next week. Feels like retail is getting comfy with many stocks and THINKING they've...