LIVEAs every week, we zoom out by switching to the Weekly chart to reset our biases and start the week with a clear mind!
In terms of Location and Price Action, we are still ultra Bullish, folks. We're just taking the time to decisively break the ATH of the last bull run, but there's no rush!
The recent rejection from the top of the H4 Range has sent us back to the Tenkan, but once again, nothing is bearish.
However, in terms of momentum oscillators, it's a bit more complicated because we can see the RSI and MACD showing a resurgence of bearish pressure.
But in my opinion, this is just due to general Panic Selling, while on the smart money side, accumulation is happening like never before!
So the summary is ultra simple:
Bullish trend
No signs of a trend reversal
Bearish pressure but the price holds, so Bullish
Who dares to say we are bearish? And who among you is Shorting?? (Be careful, scalping is a different story)
Have a great week and get ready to see a new ATH in the coming quarter.
Happy Tabaski to everyone!!!
When $100,000?
