Triple Confluence Point

The first point is the Fibonacci Extension that points the 1.61 mark which is a common target
The second point is the obvious head and shoulders.
The last point is the AB=CD trend from previous lows.

all 3 targets range from 69200 to 69500

When you have 3 points like this all we need to do is wait for the 4h candle to close above the ATH (or the psychological resistance of 60k) and confirm a breakaway towards the upside.

I will be personally opening a Long around 60k after the 4h candle closes above 60k

Note: I am new at crypto trading, and in no way an expert. So take what I say with a grain of salt and not actual financial advice.

Comentário:

with 3 TAs pointing for an upward trend, it did the unlikely scenario to go downwards, however we still have a chance to move up if we look at the higher lows
Feb 28, Mar 25, and today Apr 7 (if we do in fact have reached a bottom, yet to see)

another observation is that we have hit the 59k-60k resistance 6x times as of the time of writing. This is a very good bullish signal. will the 7th time be the one that breaks upwards, or are we going downwards to fill in the 54k CME gap?