Hi, this is just an update on my previous two posts (see links below).
I've mentioned this inverted H&S for some time. It's true that the time frame isn't the largest, but there's a possibility of bullish momentum around the next CBOE maturity date (which coincides with the Chinese NY).
I explained this in an YouTube video I posted this morning, but those are just the details. The main takeaway is
I've mentioned this inverted H&S for some time. It's true that the time frame isn't the largest, but there's a possibility of bullish momentum around the next CBOE maturity date (which coincides with the Chinese NY).
I explained this in an YouTube video I posted this morning, but those are just the details. The main takeaway is
- Inverted H&S
- Neckline 9k
- Breakout around Chinese NY
- Rally to $12k by Mar
- $12k is 0.5 fibo from ATH
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btw, $12k is also the neckline of the H&S from ATH.
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I'm a little uncertain whether we have a breakout.
Above 9.5k would be certainly a breakout.
If breakout is confirmed, a rally could be very fast b/c CBOE.
Above 9.5k would be certainly a breakout.
If breakout is confirmed, a rally could be very fast b/c CBOE.
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one thing that troubles me is that it seems all the "top" posters here have become bullish again.
perhaps a retest of the ascending triangle may be forthcoming.
perhaps a retest of the ascending triangle may be forthcoming.
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Send to be the Chinese New Year rally
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Seems
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btw, the previous support was 10.3. I think $10.3k is the highest it could go today
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Really didn't pass 10.3.
Right now small correction. I expect 9.5 to be a support. Can't see it going under (or too close to) 9k.
Right now small correction. I expect 9.5 to be a support. Can't see it going under (or too close to) 9k.
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I made another YT video explaining that we're starting to turn bullish --- not having a bull trap. I think $11k will see some resistance, but $12k+ will be achieved by Mar.
