Just like Mel Brooks' cocaine high, all this green won't last much longer.
- Volume has been showing an inverse relationship to price recently, a bad sign for bulls after the strong summer uptrend.
- ROC is still under the zero line even after today's rally. Upwards momentum has not reappeared and should not be counted on to propel the price higher.
- The price seems to be forming a pennant starting at the beginning of September. Everyone and their grandma can see it. The target it creates around 3500 is just too obvious.
If we do end up reaching the top of the pennant I would suspect a head fake at the very least. Odds are, we won't even reach it.
THIS IS MY OPINION, NOT FINANCIAL ADVICE. TRADING INVLOVES RISK.
- Volume has been showing an inverse relationship to price recently, a bad sign for bulls after the strong summer uptrend.
- ROC is still under the zero line even after today's rally. Upwards momentum has not reappeared and should not be counted on to propel the price higher.
- The price seems to be forming a pennant starting at the beginning of September. Everyone and their grandma can see it. The target it creates around 3500 is just too obvious.
If we do end up reaching the top of the pennant I would suspect a head fake at the very least. Odds are, we won't even reach it.
THIS IS MY OPINION, NOT FINANCIAL ADVICE. TRADING INVLOVES RISK.
註釋
There's that head fake.
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這些資訊和出版物並非旨在提供，也不構成TradingView提供或認可的任何形式的財務、投資、交易或其他類型的建議或推薦。請閱讀使用條款以了解更多資訊。