Helloooo friends!
We are on a bit of roll right now so take em while their hot ;-)
Must admit tho, the fall down to 7200 was quicker than expected. Even tho, we very precisely forecasted this current correction:
This has brought a lot fear into market and people are still not sure where we stand (nor are we 100%!) We do however believe its more likely that we see 7.9xx+ than 6.9xx.
The gem? We also have calculated a potential for a further bounce past 7.9xx - this will depend on strength of current bounce (and is not likely!) But just because of the bearish sentiment atm and the FOMO going past 8k will bring, we see must include it in our thought already.
Quick facts:
- MACD is very close to crossing at the 4 hr. This could happen during the next 4 hours.
- Bear volume declining - bears know its risky area to short.
- RSI is starting to confirm short term bounce.
This trade has higher risk profile, so be sure to set your stop/less.
Est. time for bounce 4 - 8 hrs.
Target zone: 7.9xx (if we break 8k - we could work our way too 8.6xx very quickly)
Best
/D
We are on a bit of roll right now so take em while their hot ;-)
Must admit tho, the fall down to 7200 was quicker than expected. Even tho, we very precisely forecasted this current correction:
The gem? We also have calculated a potential for a further bounce past 7.9xx - this will depend on strength of current bounce (and is not likely!) But just because of the bearish sentiment atm and the FOMO going past 8k will bring, we see must include it in our thought already.
Quick facts:
- MACD is very close to crossing at the 4 hr. This could happen during the next 4 hours.
- Bear volume declining - bears know its risky area to short.
- RSI is starting to confirm short term bounce.
This trade has higher risk profile, so be sure to set your stop/less.
Est. time for bounce 4 - 8 hrs.
Target zone: 7.9xx (if we break 8k - we could work our way too 8.6xx very quickly)
Best
/D