Tradional markets reaching new highs - (BTC follows ETH) - imo
Updated
Good morning everyone.
The entire market (crypto & tradionals) have been breaking ATH's (especially tradional stocks) like gold for example. Link has been outperforming BTC. It's time for BTC to shock people like LINK has been doing.
Uptrend has 3 solid points of contact (validation), while the downtrend has 2 solid points of contact (validation), however the downtrend wicked above, but recovered after.
White checkmarks = (validation) points
Yellow checkmarks = (invalidation) - in this case looks like double top. We've recovered since that drop already & with support.
(cme gap - 9600 - keep in mind gaps don't need to get filled right away - the 11800 gap wasn't filled for 2 years)
(where this rally started - the start green candle to spark attention - (9000 - 9250)
Be safe & stick to your plan (don't let emotions get in the way of your TA & bias)
Smash that like button if you appreciate the chart.
👍👍👍👍👍👍👍
The entire market (crypto & tradionals) have been breaking ATH's (especially tradional stocks) like gold for example. Link has been outperforming BTC. It's time for BTC to shock people like LINK has been doing.
Uptrend has 3 solid points of contact (validation), while the downtrend has 2 solid points of contact (validation), however the downtrend wicked above, but recovered after.
White checkmarks = (validation) points
Yellow checkmarks = (invalidation) - in this case looks like double top. We've recovered since that drop already & with support.
(cme gap - 9600 - keep in mind gaps don't need to get filled right away - the 11800 gap wasn't filled for 2 years)
(where this rally started - the start green candle to spark attention - (9000 - 9250)
Be safe & stick to your plan (don't let emotions get in the way of your TA & bias)
Smash that like button if you appreciate the chart.
👍👍👍👍👍👍👍
Note
In case you're wondering, you're looking at the 6 hour chart.Trade active
(breakout from prior high, retest, another leg up)
(or dump)
Trade active
Almost at the breaking point.
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