rustbeard

rustbeard

I have updated the levels and trend lines. The green zone is where the price needs to go to be sure that there are no obstacles to further increases. As you can see, it will be very hard for it in the near term. For the moment I leave the stop loss as you can see, because it is too early to determine its correct position.

rustbeard Updated 

It seems to me that this will be a safe entry into the growths. For risk takers: you can also try to buy at the bottom. For now, it looks like the price will bounce lowest at the red line or at the marked 4-hour level. If the price closes lower than the red line, you should reconsider entering the position. I set the first take profit so close because it is...

rustbeard Updated 

Short-term opportunity to enter a long position: I think we can set a stop limit for buying at the $63,500 level. Price should then fly higher, and if it breaks through the 64,900 level we can be confident about the move. The safe level for take profit is $66,300. The next level (less certain) is $68,400. Here it is worth to take some profit at 67K. The...

rustbeard Updated 

Currently, the overall trend remains slightly bullish (no clear signals for a downtrend). However, on the 4-hour interval we have a temporary sideways trend. The price has to decide in which direction to go. Version A: enters the downtrend but is stopped and supported by the strong Senkou B (thick orange line). Version B: receives support from Senkou A (light...

rustbeard

So far, there is no indication that there are going to be any big drops. If there is going to be any pullback, it's more likely to be to the 55–56K level (if it goes lower than that, that's a signal that there will be even bigger drops). I updated the stop loss to 54,221. Price is struggling to break through the 58K level for now, but once it does, it should...

rustbeard

I am not 100% sure if the rise will still be there today and break above the marked green level - but I decided to take a chance. There is a chance that the price will turn back down for a while and then there may be another chance to decide which way it will move. Remember, this is not investment advice.