since we almost have more bearish sentiment rather than bullish in the market, it's not out of consideration that we might have to liquidate the shorts. According to my analysis. We need to rise a bit high toward the 21-23k level to liquidate the shorts and come down to almost 16-14 k levels to liquidate the bullish sentiment created around the 21-23k area. Then start our correction towards 29k, 32% fib retracement, and then 37 k which would be 61% Fibonacci retracement level .it is also possible that we do a small retracement from 21-23 k level and continue toward 29k and 37 k .
So be careful not to go all in or out. According to my idea,
this is not financial advice. Please do your own research.
cheers
So be careful not to go all in or out. According to my idea,
this is not financial advice. Please do your own research.
cheers