This is not trading advice.This is not a suggestion of what I think the price will do. Please do your own analysis before you make any trading/investment decisions.
That out of the way, I thought this was a really interesting setup. Here I wake up to this rally out of the recent dip.
Here we have the July 20th bottom. Notice the similarities between the two. There’s consolidation at the bottom of/under key support. There are similar volumes. There’s the breakout of the 50-period EMA. I’m not one to make trades based solely on a similar historic snapshot. That’s pretty uncanny though.
Over the next few days, the things to watch for would be consolidation around the 50k level, increasing average volume, and increasing measurements on price action oscillators, then hopefully we see this similar picture in the future.
That’s from the Honeymooners...🙈🙈🙈
TO THE MOON🚀🚀🚀ALICE...🤣🤣🤣!!!
Wouldn't that be nice.