are the bulls able to get a run up again and form a bullflag?
should hold support above 57000, if they fail to hold support, the 0.786 should had as support.
if that fails a potential bounce at the descending line (see arrow)
at the moment i am short at the 3th wick of the red descending line.. will only swap long when this line breaks or if i see support holding/
i feel like we will be back test the old descending line because it looks like a rising wesdge has been broken down
potential targets
BULLS
1:64000
2: 67000
3: up to 80000
Bears
have 3 targets
1: 57000
2: 53000
3: 48000-49000
4: potential fake out below descending line and finding support at 200EMA daily frame
should hold support above 57000, if they fail to hold support, the 0.786 should had as support.
if that fails a potential bounce at the descending line (see arrow)
at the moment i am short at the 3th wick of the red descending line.. will only swap long when this line breaks or if i see support holding/
i feel like we will be back test the old descending line because it looks like a rising wesdge has been broken down
potential targets
BULLS
1:64000
2: 67000
3: up to 80000
Bears
have 3 targets
1: 57000
2: 53000
3: 48000-49000
4: potential fake out below descending line and finding support at 200EMA daily frame