Weekly Market structure: looking for a higher low, now at weekly support.
-expecting retest of $8,744 before further downside
-possibility of claiming $8,744 for a $1,000 move to $9,700? fair.
expecting macro bearishness in terms of a weekly lower high
expecting a lower low to follow and confirm bearish market structure for a revisit of $7,000 - 6,700 in the coming months.
support in the $7,000 - 6,700 regions would be macro bullish
-expecting retest of $8,744 before further downside
-possibility of claiming $8,744 for a $1,000 move to $9,700? fair.
expecting macro bearishness in terms of a weekly lower high
expecting a lower low to follow and confirm bearish market structure for a revisit of $7,000 - 6,700 in the coming months.
support in the $7,000 - 6,700 regions would be macro bullish
-but also bearish consolidation after a dump (a classic short)
--tldr: wait
2/5 - retest of $8,744 before further downside
1/5 - claim $8,744 for a $1,000 move to $9,700
1/5 - dump
pbs.twimg.com/m...EFWzN5HUEAAWojc?format=jpg...