We are getting some resistance at the 12k level as expected i didn't think we're just gonna shoot straight through 12k we're still just doing that stair step pattern up and we shouldn't expect us to just break through a bunch of resistances really fast and this is actually more bullish that we're actually going up slowly

Price Analysis

We switch on over to the daily chart or the medium term time frame as you see here we are getting rejected at this 12k level which we got rejected at multiple times on the top here once twice three times we got a little bit of a fake out up but as you see we're getting our fourth rejection at the top at 12k now we could just be forming almost this bigger ascending triangle i haven't seen a lot of people talk about it because we got a touch on the bottom here
We got multiple touches there a touch here and multiple touches we come back actually that get rejected and we come back down slowly to kind of get support on this green line and also bounce off the purple triangle during november and then we actually get a nice pump up and then continue i wouldn't be surprised to see this happen this is obviously not what a lot of you want to hear but just be wary of a possible resistance at the 12k level because it has been major resistance in the past
What is going to happen no i think we're going to pump up straight through 12k maybe after a few days of consolidation just like we had about this 11.5 k level i think we might just consolidate sideways if i get rid of a couple things but you know i think we're definitely going to just get some sideways consolidation i just get rid of this make this a little bit clearer for you i think we're just probably gonna get some sideways consolidation before we get our next pump up to this 12.3k level i don't think this is going to last very long at 12.3k we've only gotten one touch

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