short term shake out
A break upside 63k, the lower part of range cycle, has still to happen to consider we are in fact moving upward leaving our TR.
A couple of LPS did happen, at our awaited zone of 61k and some more at 61.8k, followed by a shakeout to the downside testing the 61.5k area again, that was short lived, and totally normal, and telling us that price and ready to leave the trading range quite yet. The supply from this shakeout got all absorbed at our 61.5k area, pushing the price backup telling us that buyers are still present and serious, just a bit more slow.
Unless we going back under 57k-58k on heavy supply. I will keep having a buying bias and that we are going at least back o 64k-66k
Beautiful accumulation characteristic on the 1 hour overall
Idea of the 17th
''A break upside 63k would be a good sign that we are moving toward the zone, but it might retrace before. Since it is still into a cycle getting formed, and I am still waiting for a LPS to happen, for making this cycle even more legit. As I would expect this LPS to form around 61k.'' =
A couple of LPS did happen, at our awaited zone of 61k and some more at 61.8k, followed by a shakeout to the downside testing the 61.5k area again, that was short lived, and totally normal, and telling us that price and ready to leave the trading range quite yet. The supply from this shakeout got all absorbed at our 61.5k area, pushing the price backup telling us that buyers are still present and serious, just a bit more slow.
Unless we going back under 57k-58k on heavy supply. I will keep having a buying bias and that we are going at least back o 64k-66k
Beautiful accumulation characteristic on the 1 hour overall
Idea of the 17th
''A break upside 63k would be a good sign that we are moving toward the zone, but it might retrace before. Since it is still into a cycle getting formed, and I am still waiting for a LPS to happen, for making this cycle even more legit. As I would expect this LPS to form around 61k.'' =
Trading ditutup: target tercapai
we left our cycle and an update is going to be provided about what's up now.Beside that our first take profit which was 64k, has been reached. Now let's see for 66k
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Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.