Lines on charts (probably too many)
Looks like we're in an upward channel while continuing to respect the lower trend curve. (I should have moved it up higher in my previous outlook, not sure why I didn't.)
Anyways, here are my scenarios.
1. We maintain the channel and possibly break out/up looking at new ATH. I think this is where the momentum is headed. However, need to break that 63/64 RSI, otherwise...
2. We move down, test the lower trend curve around $50k (but not the lower channel). If we break these, look out below but I don't see this scenario as likely.
And we may still see an October surprise (FUD, Taiwan, debt ceiling, aliens...who knows).
Good luck!
Looks like we're in an upward channel while continuing to respect the lower trend curve. (I should have moved it up higher in my previous outlook, not sure why I didn't.)
Anyways, here are my scenarios.
1. We maintain the channel and possibly break out/up looking at new ATH. I think this is where the momentum is headed. However, need to break that 63/64 RSI, otherwise...
2. We move down, test the lower trend curve around $50k (but not the lower channel). If we break these, look out below but I don't see this scenario as likely.
And we may still see an October surprise (FUD, Taiwan, debt ceiling, aliens...who knows).
Good luck!
