Ready for 9000-6000-11000 ? It’s a possibility, I will keep it in mind when reach next 9000 top to sell if needing before 33% retracement !
We curently channel around 8358 resistance / support After a major dump probably due to the H&S started 28 april ending yesterday 1/ we break down at 4AM and follow the previous downtrend : 7900 tomorrow, then 7800 corresponding to 8900 - 1100 size of the H&S - berish scenario 2/ The today bull flag after 8358 chanel exit at 4AM sunday give positive trend and we...
8901 is a value we know well : it a stong base for the big H&S that could : - send back to 8901 - then bounce to 9400-9500 - retrace to 7800 = 20/21 may The size of this H&S is around 1100$ : 8901 - 1100 = 7800 The danger for user is to take right shoulder as a good signal to cross again 10k, the would be disapointent if my scenario is valid.
3-7 may H&S get us to 9200. I hope bullish trend would pull up but we loose the 7 may evening window for that and go sideway. The bullish trend and recent retrace will cross on 9280 support then im waiting a little bounce to 9400 to sell before the down trend with 9100 target.
Still in bullish trend but calendar and holliday are responsible for low market dynamic : this evening is a good window opportunity to pump and cross 10k...or not before a week, then it will continue to go sideway untill 14 May
I draw the two trend line in red. We are ranging here with a possible return to 8900 magnet. Not sure it’s can break out so easy monday.
Recent pump & pull formed a nice inverted Head & Shoulder.
I think the same triangle is going up to 9800 as the previous one go up to 9400.