I warned you to avoid taking longs too early. If you did and you were smart exiting at the previous high then congrats for the profit. But im looking for a long term entry with high return. Still waiting for my indicator to confirm the consolidation zone has built a strong support underneath to take as a long entry. Im also still expecting a small pullback which is very much needed since the 1D RSI is at 100% overbought.
I also noticed a pattern on the 4h timeframe showing strong rejection between 70100 and 70500 from both bulls and bears. Each is trying to win the tug of war here but so far the bulls are managing. Therefore its safe to assume if we have just one 4h candle close below 70k, a dump will follow after. otherwise a few wicks means healthy strong support.
I also noticed a pattern on the 4h timeframe showing strong rejection between 70100 and 70500 from both bulls and bears. Each is trying to win the tug of war here but so far the bulls are managing. Therefore its safe to assume if we have just one 4h candle close below 70k, a dump will follow after. otherwise a few wicks means healthy strong support.
