Dear traders, we have been through a rough couple of days...and I know the question on every one's mind is whether it is all over and we will go back towards the moon... The previous ABC pattern that I was suggesting previously worked perfectly as we all experienced. However, in my opinion we are not out of the woods yet. I think the current price structure is unstable and it more likely to break (again) to the downside. I see a possible revisit of the 30K levels in the next few days which need to be confirmed as firm support in my view. I know a lot of traders argue the opposite but I do not see the buying pressure that would take us upwards yet. A modified Head and Shoulders seems to be forming that could take us back into testing the previous dip. As the market is highly manipulated and affected by the current FUD, everything is really on the table so trade carefully. One thing I am fairly convinced is that this bull market has not yet ended, so there will be better days ahead. Stay safe!
