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So the 1K$ move in less than an hour was interesting, to say the least.
now we are moving towards the resistance (dynamic ) we have seen during the 11.5K and 17K move.
for the TA:
-> Heavy cloud resistance so no long trading until that has been broken.
-> BB is showing an uptrend opportunity but a retrace to the MA + bounce would be good as confirmation of the trend.
-> RSI confirming the dynamic resistance.
-> Volume breaking out on the 4H but not on the 1D.
Keeping it short but sweet since the cloud + dynamic resistance is basically all you need to know.
Keep an eye on the FA part: Mining profitability prices. ( Bloomberg did an article about it )
As Always,
Happy Hunting!
So the 1K$ move in less than an hour was interesting, to say the least.
now we are moving towards the resistance (dynamic ) we have seen during the 11.5K and 17K move.
for the TA:
-> Heavy cloud resistance so no long trading until that has been broken.
-> BB is showing an uptrend opportunity but a retrace to the MA + bounce would be good as confirmation of the trend.
-> RSI confirming the dynamic resistance.
-> Volume breaking out on the 4H but not on the 1D.
Keeping it short but sweet since the cloud + dynamic resistance is basically all you need to know.
Keep an eye on the FA part: Mining profitability prices. ( Bloomberg did an article about it )
As Always,
Happy Hunting!
Note
Watching this channel right now
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