It has been following a pattern of consolidation, breaking key resistance levels, finding a new ATH , and repeating all over again!
I've noticed this pattern and wanted to share it with you all.
I will enter at a break of 3k.
Good luck and happy trading everyone!
Follow this advice at your own risk.
The daily time frame is ending soon and this day's candle was a follow-through of the daily candle equilibrium break.
I'm steering clear until daily candle forms a new low. Better to be safe than sorry.
O well hope some people followed the original plan and got some gains :)
I'll be waiting for the next consolidation trend
I can't give you a price target because I try to adapt to what is happening with the candles.
What happens before the end of every uptrend / every consolidation period?
There's a green candle with a LONG upper wick which suggests there is profit taking. After the green candle w long upper wick, there's a red candle to confirm the end of the uptrend.