What’s good all. I have uploaded this image just so that we have a reference.
So pay attention to the 3 blue arrows.
The red vector candle
And the moving averages…
Everything is flat now…We are waiting for a confirmed direction.
Now there are have been many instances in the chart where we have seen stop hunt rises at the highs. Refer to the Red arrows on the second chart uploaded.
We must be mindful of this behavior…
We have already made a high at the 50k zone, however, if the price is to continue higher, a clean break of that zone will need to be established.
More so the moving averages will need to align and show strength to the upside.
We are waiting for the 5 and 13 ema to effectively expand out…
Everything is close together…
Wait until they show their hand…
Mad Love
T
