We have very high resistance above 7k right now. there's a sysmetrical triangle forming and a very thick 6 hour cloud above it. Shorts keep going up which might cause a pump to shake them out but i doubt we'll go above 7k and break up from this triangle. Targeting around 5400-5500 for a bounce before we go further down to perhaps 4800.
Comment:
or Market Maker can cause a fake out break up from this triangle to make shorts close before the real dumpage begins. that is a strategy they have used frequently. but how many times can they cry wolf until we stop falling for it?