16K in play now! Bullish
I think getting you’re feet wet above this support is a good deal be, don’t wait 16k is in play now.
Possible scenarios:
We go back to $8500 to close the CME gap, but that’s even looking slim now, the 20MA day support has broken 9k.
16k in play we above 50MA & 20MA and 21 & 55 EMA day supports a bullish move to 11.2k would make a 20MA cross over the 50MA. If so the 3 wave usually goes pass the 1st wave of a bull run correction.
Possible scenarios:
We go back to $8500 to close the CME gap, but that’s even looking slim now, the 20MA day support has broken 9k.
16k in play we above 50MA & 20MA and 21 & 55 EMA day supports a bullish move to 11.2k would make a 20MA cross over the 50MA. If so the 3 wave usually goes pass the 1st wave of a bull run correction.
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