I still think there's more down-side despite the recent optimism in the market.
We've essentially been moving sideways for a month and I suspect we'll largely continue moving sideways for a while longer.
There's still a pretty hard resistance above 22k.
I think a test of previous support is coming with price going back down to 17.2k.
If we do get above 22.5k then we could be seeing a relief rally as high as 29k.
We've essentially been moving sideways for a month and I suspect we'll largely continue moving sideways for a while longer.
There's still a pretty hard resistance above 22k.
I think a test of previous support is coming with price going back down to 17.2k.
If we do get above 22.5k then we could be seeing a relief rally as high as 29k.
