Look back at Feb 4. Today's pattern seems very similar. The low volume corroborates the bearish trend. This pattern shows its ugly face in 2H and 4H chart.
I don't believe in the don't catch a falling knife theory. With cash at hand my odds are better. If it goes below $7K, I will be so happy buying back! Even if a got some bruises and cuts, while catching the beginning of the fall.
Please use this for what it is, along with all the other research that you are doing. I'm not a trading professional and this is not trading advise.
I don't believe in the don't catch a falling knife theory. With cash at hand my odds are better. If it goes below $7K, I will be so happy buying back! Even if a got some bruises and cuts, while catching the beginning of the fall.
Please use this for what it is, along with all the other research that you are doing. I'm not a trading professional and this is not trading advise.