Since our last update, the bulls manage to break the two important resistance levels at $12067 and $13764. This results in a further escalation to higher quotations. After the market only reached minor correction targets, we entered another long position at around $16000. We expect wave 1 in light blue to continue. The target is around the current all-time highs at 20k. After wave 1, we still anticipate a bigger correction to lay a long-lasting fundament.
Happy Trading!
Happy Trading!
📊 Daily market insights combining macro + Elliott Wave analysis
🚀 Spot trends early with momentum, sentiment & price structure
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🚀 Spot trends early with momentum, sentiment & price structure
🌐 Join thousands trading smarter at hkcmglobal.com
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📊 Daily market insights combining macro + Elliott Wave analysis
🚀 Spot trends early with momentum, sentiment & price structure
🌐 Join thousands trading smarter at hkcmglobal.com
🚀 Spot trends early with momentum, sentiment & price structure
🌐 Join thousands trading smarter at hkcmglobal.com
Publications connexes
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.