...what's NOT going to happen on fridayIn case the laws of physics do hold - and I'm pretty certain they will - the direction that is crossed out in that blue three-way-symbol can clearly be ruled out. I'm glad that we can at least be sure of that.
Obvious
Moon boys about to get wrecked in bearish continuation.My previous TA (marked and unchanged using the pink dashed lines) has played out almost entirely correct.
We are still in a 3 + year long bear market, and until this trend has been broken AND we receive confirmation, we must rationally assume that this is still the current sentiment of the market.
Granted, there are signed of bullish divergence but I find it unlikely that this will happen over the course of just a few weeks. What I see to be most likely is many months of sideways V shape swings, forming higher lows and lower highs.
Only when the band in which we trade in has been tightened and exhausted, and when a MACRO higher high has been formed, can actually we expect a TRUE bull market to begin.
DON'T BE FOOLISH, BUY THE DIPS, SELL THE HIGHS.
THE TREND IS OBVIOUS.
Tesla, RSI still has a ways to go.The RSI has room to grow. Price bounced past the 30 week MA. It's about to break trend. It's going to end up around 520.
A little too perfect...Just because there's a distinct, almost uncanny pattern here doesn't mean it is going to repeat exactly... although it already has 50% or so... yeah yeah it's a 30m chart whatever it still makes me wanna keep a short open.
An obvious #HeadAndShoulders has formed on #BitcoinSV | $BSV/usdAn obvious #HeadAndShoulders has formed on #BitcoinSV | $BSV/usd
