It has another 2 small levels to break until the next target.
Sincerely, if it will hit the second target, it is possible that we'll touch 8500 - 8750 area.
After that, we must check continuously the volumes and all the news. I feel that all the bullish news can cause soon a bull trap, to make people think that it will go "to the stars" now and to have a surprise with a big drop before another move.
It is one of the moments that we need to pay attention all around and to feel the moment when we need to be a CONTRARIAN.
We need to have a correction to that impulse to make it stronger. If we go all up, then a drop will be imminent.
Let's see how we make the moves in next period.
Cheers to all
ملاحظة
With this news regarding #Bitcoin ETFs, it is a moment to be careful. Take care on your trades.
Also, it says that is a decision regarding Direxion's Bitcoin ETFs, no mention now for CBOEs (VanEck and SolidX). Check the news below:
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.