/biz/ - Business & Finance

>>14847130
>>14847677
I think for now price is looking to trade above the WEEKLY LOWER 2.2, just so it has a chance of being able to trade laterally for a few more weeks, only judging that by the reluctance to drop further, the push this week (the narrow weekly candle) to keep it above that benchmark.
I think it needs to close this week either very narrow and wicking above to be able to stay 'not bearish' but still lateral or choppy in price.
That would require price closing above 3088 sometime by the end of th week.
I've highlighted the level at which I think price would need to be sustained for the next 100 or so candles for the 1HOURLY chart. You can then almost bank on price attempting to breach minimum 3087, if you had bought the 4HOUR LOWER 1.25 breakout or the 1HOUR LOWER 2.2 rejection, you'd have about 5-8% even if the bullish move didn't work out, as long as you had a smart stop loss or were watching intently and reacted within reason.

Price doesn't move quickly, it's a cargo freighter carrying a bunch or smart money individuals and corporations as well as a bunch of Anon bagholders.