One more resistance line at $13.8K before breakout to ATH?
So we obviously broke through every singe support on the way down or resistance on the way up.
Surely didn't see this coming this soon. It is important to remember indicators like RSI in this scenario. Cannot let emotion get in the way. I must admit, I was buying the way down when it bounced off of resistance in a much more heavy way than buying on the way up after 200 week MA. Needed to see if it would stick. Surely, it doesn't seem like we're going back to that region again. Patterns are patterns. Lesson learned. Now that we're overbought, I'm slowing down on the buying and continuing to take profit until cool off period resumes.
Thoughts?
Surely didn't see this coming this soon. It is important to remember indicators like RSI in this scenario. Cannot let emotion get in the way. I must admit, I was buying the way down when it bounced off of resistance in a much more heavy way than buying on the way up after 200 week MA. Needed to see if it would stick. Surely, it doesn't seem like we're going back to that region again. Patterns are patterns. Lesson learned. Now that we're overbought, I'm slowing down on the buying and continuing to take profit until cool off period resumes.
Thoughts?
أغلقت الصفقة: تم الوصول للهدف:
So we hit the $13.8K as a hard ceiling which hard us spiral down 25% in the span of 24 hours until we closed at $11,160 which was 13% below where it opened ($12,930).
Yes, the excitement and volatility is back - and we're not trying to make $ from chops going sideways. This is bull or bear time.
Let's see how far the correction/cool-off period lasts. If we close the week anywhere below $10.8K It's done for... Shooting star doji?
If we close anywhere aboce $11.7K and not below $11K I'm buying back the profit I took from $13.8K,
I have sizable buy limits at $8.2K and $6.4K with minor buys on all horizantal resistance lines below.
Yes, the excitement and volatility is back - and we're not trying to make $ from chops going sideways. This is bull or bear time.
Let's see how far the correction/cool-off period lasts. If we close the week anywhere below $10.8K It's done for... Shooting star doji?
If we close anywhere aboce $11.7K and not below $11K I'm buying back the profit I took from $13.8K,
I have sizable buy limits at $8.2K and $6.4K with minor buys on all horizantal resistance lines below.
تم فتح الصفقة:
Anticipating a bounce at one of the support levels (8K-9K) or somewhere in between.
I am buying up now, as I am mid to long-term long(bullish)
I am buying up now, as I am mid to long-term long(bullish)
