Hi all, Crypto Sludge here.
As we saw yesterday, we have broken the acceding triangle on the 4h chart, and continue the breakout.
The 4H chart gave us a TD9 Sell two candles ago and an Aggressive 13 Sell a candle ago.
Statistics shows that we should expect a 1-4 candle correction, and then continue again to the upside, However if we look at the 1H chart, 9850 was a hard resistance to break and have not proven any support. To further confirm this short term upper trend, i would like us to close above 9850 and then either properly re-test it or continue higher.
If you are in a long position, i would consider locking in some profits, and re-enter the market after we break 9850 again.
Let me know what you think !
Stay Strong.
Trade ON!
Crypto Sludge.
Yeh the $10k mark and around it is a tough resistance level, there will be some consilation down to $9.5k but it'll make it through to $11k.
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You are Smart man to know about criptocurency
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Agree about taking the profit. Before opening new long positions I wold like to see the correciton to $9 000 levels.
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