#bitcoin - Stall on Weekly
Good morning everyone.
It´s been a while, sorry for that, but privately I am involved 24/7 thxn to the challenges that Covid-19 had for all of us.
Anyways, I feel it´s worth to make an Update on the weekl now, since we have reached not only a key-level, we
also slid into a typical stall. At the moment there is still room to the upper trendline, but 10k again turned out to be a rather tough nut.
Usually traders argue about how long a price can stay in stall without being too endangered for freefall, it really is not much missing to initiate a move.
The Yearly Pivot got picture perfectly retested, before the price moved up again and also overcame the long-term leadline again. That´s all
relatively bullish, not only because a sell-off after halving did not happen. On smaller timeframes we had a double-top danger, which did not came true and shorter´s
had a pretty rough time recently when they did not set tight targets.
Price movement always reminds me a bit of aviation, the way up is slow and needs a ton of energy to overcome nature´s laws & forces. The way down is immenent.
Wikipedia´s definition of "Stall (fluid dynamics)":
In fluid dynamics, a stall is a reduction in the lift coefficient generated by a foil as angle of attack increases. This occurs when the critical angle of attack of the foil is exceeded. The critical angle of attack is typically about 15 degrees, but it may vary significantly depending on the fluid, foil, and Reynolds number.
Stalls in fixed-wing flight are often experienced as a sudden reduction in lift as the pilot increases the wing's angle of attack and exceeds its critical angle of attack (which may be due to slowing down below stall speed in level flight). A stall does not mean that the engine(s) have stopped working, or that the aircraft has stopped moving.
Best wishes. Neru.
It´s been a while, sorry for that, but privately I am involved 24/7 thxn to the challenges that Covid-19 had for all of us.
Anyways, I feel it´s worth to make an Update on the weekl now, since we have reached not only a key-level, we
also slid into a typical stall. At the moment there is still room to the upper trendline, but 10k again turned out to be a rather tough nut.
Usually traders argue about how long a price can stay in stall without being too endangered for freefall, it really is not much missing to initiate a move.
The Yearly Pivot got picture perfectly retested, before the price moved up again and also overcame the long-term leadline again. That´s all
relatively bullish, not only because a sell-off after halving did not happen. On smaller timeframes we had a double-top danger, which did not came true and shorter´s
had a pretty rough time recently when they did not set tight targets.
Price movement always reminds me a bit of aviation, the way up is slow and needs a ton of energy to overcome nature´s laws & forces. The way down is immenent.
Wikipedia´s definition of "Stall (fluid dynamics)":
In fluid dynamics, a stall is a reduction in the lift coefficient generated by a foil as angle of attack increases. This occurs when the critical angle of attack of the foil is exceeded. The critical angle of attack is typically about 15 degrees, but it may vary significantly depending on the fluid, foil, and Reynolds number.
Stalls in fixed-wing flight are often experienced as a sudden reduction in lift as the pilot increases the wing's angle of attack and exceeds its critical angle of attack (which may be due to slowing down below stall speed in level flight). A stall does not mean that the engine(s) have stopped working, or that the aircraft has stopped moving.
Best wishes. Neru.
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