Chart says it all. 8.3k - 8.5k by July 28? Let's see what happens.
I started creating this pitchfork since we fell from 13.8 and bounced from 9.7. This is as classic as it gets! We are stuck in the bottom portion of the channel, facing multiple strong resistances. The 4HR 50MA along with many other key indicators shows a break of 10.8 will potentially regain bullish momentum. I'm currently short, expecting resistance to hold....
Chart says it all. There is strong support around low to mid 11,000's. We test that before continuing road to 20k.
Chart says it all. if we hold this pattern, 20k by early August.
As the chart shows, 12k has been a key level since the 2017 bull run. In 2017, we broke 12k and in 2 days we were at 19k. On the flip side - after we went below 12k, we never could go back above it. That was the initial start of the bear market. I don't see us breaking 12k as easily as we did the other levels. I would like to see a test of the mid level...
As the chart shows, we've been flirting with the support line since the 2017 bear market. I'm looking for the bounce to start July - September. End of 2019 should interesting.