big pullback is called for
Comment:
I realised after publishing that my arrows are doing daily, I think this might play around a bit faster than my arrows indicate. For example the first arrow, I actually thought we would reach that $3829 level in the one where we are right now. Possibly we will reach it.
Then a bit of sideways movement similar to after 3k before going down to test some more support. If we make the same % correction of almost 40% that puts us at about 2980. Not sure if we go under 3k, it could prove to be a very strong support considering how powerful of a resist it was, but 2980 is basically 3k anyway.
MACD crossed bearish on daily, in the Stoch RSI I have drawn lines similar to how it went from 3-1.8k. We are also sitting very far above the cloud and long term MAs