Still that 41k level... But is this time different?
That 41k level has been quite special for the bears. Imagine if that breaks.
If the recent strong rally is a bull trap, we shall know real soon. I don't think it is but the market has its own mind.
I am expecting another crack at 41k after this pullback, we'll know how the market decides then.
A proper bull leg should take us to the 47k levels which is the 50% retracement of the entire bear leg from ATH .
47k is a key technical level for me insofar as this bull cycle goes.
If the recent strong rally is a bull trap, we shall know real soon. I don't think it is but the market has its own mind.
I am expecting another crack at 41k after this pullback, we'll know how the market decides then.
A proper bull leg should take us to the 47k levels which is the 50% retracement of the entire bear leg from ATH .
47k is a key technical level for me insofar as this bull cycle goes.
Comment:
We just got that re-test of 41k level after a brief pullback. Follow through buying and break higher next? Or are we going for another leg lower? I think the momentum's still on the bulls' side...
