We are very close to breaking through a minor down trend which could lead to a bullish period, still a ways away from breaking the macro down trend but the 4 hour chart has just flipped bullish in my opinion so I thought it was a decent time to post about it.
Obviously, the trend could hold and we could head lower. Either way I'm preparing for a position long, hopefully for the long term.
Good luck out there! - Phil.
Obviously, the trend could hold and we could head lower. Either way I'm preparing for a position long, hopefully for the long term.
Good luck out there! - Phil.
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Obviously I mis-typed some numbers. Updated image here:
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So far so good, if the daily bull-flag plays out, we're looking at 0.062 area next upside target.
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Bull flag failed, FTX triggering major market capitulation (Hex actually had it's sell off ahead of this), don't think the downside story is over yet but my capitulation zone did get very close to be tested. Patience and continual monitoring is key here. Good luck!
