In my last post I suggested how I anticipated for us to see a reversal back into our 37.5/38k support (now resistance) Currently this is what is happening. That being said we could push all the way back to 40k. Very possible scenario.
What im currently waiting for is to see a few 4H candle closes with bearish sentiment (ie wicks to the top). This will suggest to me buyers are exhausted. Ill then be scaling down to the lower time frame to look for entries. Double top followed by a break of the high low, retest of the break out level and then sells.
Lets watch and see
What im currently waiting for is to see a few 4H candle closes with bearish sentiment (ie wicks to the top). This will suggest to me buyers are exhausted. Ill then be scaling down to the lower time frame to look for entries. Double top followed by a break of the high low, retest of the break out level and then sells.
Lets watch and see