Purely from a speculation standpoint based on potential technical indicators. Do not take this as advice.
We see on the daily the ascending triangle is in play still. Pending macro economic events (or tweets or someone saying "China" the wrong way), looking at $300 in the next week or so. Could easily see a new ATH if things go correctly hitting up to around 304-306
2 potential trend lines for the bottom part of the ascending wedge cross around the 14th of November. That combined with a possible triangle on the stoch on the weekly has me personally Very intrigued. There's definitely room for the Stoch to go up and drop into November 14th area for Trends on weekly to break to the down side.
Also going to be watching that potential H&S play on the weekly.
Long for the next couple weeks, after that, SHORT until you can't see straight.
Once again, PURELY speculation. NOT advice.
We see on the daily the ascending triangle is in play still. Pending macro economic events (or tweets or someone saying "China" the wrong way), looking at $300 in the next week or so. Could easily see a new ATH if things go correctly hitting up to around 304-306
2 potential trend lines for the bottom part of the ascending wedge cross around the 14th of November. That combined with a possible triangle on the stoch on the weekly has me personally Very intrigued. There's definitely room for the Stoch to go up and drop into November 14th area for Trends on weekly to break to the down side.
Also going to be watching that potential H&S play on the weekly.
Long for the next couple weeks, after that, SHORT until you can't see straight.
Once again, PURELY speculation. NOT advice.