Update to my earlier post which can be seen below , it appears bearish divergnece and about to break treadnline. We are in heavy resistance zone. I am still seeing sub 40k. between 34-37k maybe.
Trade active:
Called it a bit early but the analysis stays the same. If the red line was extended we would see that it once again acted as a rejection point. Expecting sub 40k with a focus on 45k - 47k
Trade closed: target reached:
I believe the bottom is in at $37000 area. Also, on my previous update on feb 16 "Expecting sub 40k with a focus on 45k - 47k" I meant 35k-37k, thus sub 40k.
