Tortuga on Nostr: The breakout continues. As indicated by the September and October closes, six months ...
The breakout continues.
As indicated by the September and October closes, six months of consolidation at all time highs has lead to a very strong market reaction and a thrust upwards upon the election news catalyst.
The monthly candle flagpole would seem to indicate this move still has further upside to explore. Though, Bevo (npub12gu…fle6)'s post halving target range has been entered, which could indicate a possible resistance area.
November’s close will likely indicate whether price action is exhausted and require further consolidation, or if momentum will continue through December and unleash the famed “Santa clause rally” before consolidating is required in the new year.
As indicated by the September and October closes, six months of consolidation at all time highs has lead to a very strong market reaction and a thrust upwards upon the election news catalyst.
The monthly candle flagpole would seem to indicate this move still has further upside to explore. Though, Bevo (npub12gu…fle6)'s post halving target range has been entered, which could indicate a possible resistance area.
November’s close will likely indicate whether price action is exhausted and require further consolidation, or if momentum will continue through December and unleash the famed “Santa clause rally” before consolidating is required in the new year.