If we break down we can go testing the last $7000 where we could keep ranging or break it as most support is around $6800.
On the other hand, a break here will lead us to the $8500 resistance what is less probable due to the lack of volume on the last pump and the major bear trend
A last dump is needed looking for the liquidity that will grant the strength for the next February - March bull run
and at the moment there are more liquidity liquidating Longs than Shorts, as there are 11 times more longs which must be liquidated before the actual pump
in the monthly we have a buy and sell crossed signal, supporting the previous statement
On the other hand, a break here will lead us to the $8500 resistance what is less probable due to the lack of volume on the last pump and the major bear trend
A last dump is needed looking for the liquidity that will grant the strength for the next February - March bull run
and at the moment there are more liquidity liquidating Longs than Shorts, as there are 11 times more longs which must be liquidated before the actual pump
in the monthly we have a buy and sell crossed signal, supporting the previous statement
Comment:
A last dump is needed for looking for the liquidity that will grant the strength for the next February bull run
Comment:
and at the moment there is more liquidity liquidating Longs than Shorts, as there are 11 times more longs which must be liquidated before the actual pump
Comment:
We reached the 8500 and all overbought signals have been triggered