Price undercuts the previous swing low and flushes out weak holders.
Previous undercutting instance resulted in a 71% upmove post breakout (from 35k to 58k).
A similar magnitude of upmove is possible post trendline breakout (from 58k to 99k).
Half of the magnitude will take it to 78k (35% upmove from 58k).
Previous undercutting instance resulted in a 71% upmove post breakout (from 35k to 58k).
A similar magnitude of upmove is possible post trendline breakout (from 58k to 99k).
Half of the magnitude will take it to 78k (35% upmove from 58k).
Trading is my passion.