On the left we see the 12Hr chart with sharp bounce out of the 'golden pocket' that fib lovers love to trade. (2nd of July)
Only we failed to break the previous highs near $14K.
Now, upon a second golden pocket bounce we're seeing failure/rejection, a dead cat bounce. The bulls are struggling against the bears.
On the 3Hr, we see a completely bearish Ichimoku senario.
Bearish TK Cross.
Price below The TK and Clouds.
Bearish Clouds ahead.
Struggling to on the 200MA support at present.
I'm currently short, and upon a failure of the 3Hr 200MA I will be looking to add to that position.
I will ride this short until the charts tell me otherwise.
Only we failed to break the previous highs near $14K.
Now, upon a second golden pocket bounce we're seeing failure/rejection, a dead cat bounce. The bulls are struggling against the bears.
On the 3Hr, we see a completely bearish Ichimoku senario.
Bearish TK Cross.
Price below The TK and Clouds.
Bearish Clouds ahead.
Struggling to on the 200MA support at present.
I'm currently short, and upon a failure of the 3Hr 200MA I will be looking to add to that position.
I will ride this short until the charts tell me otherwise.
Comment:
If we can get a break of the cloud on the 12 Hour, I would look for a rejection to add and then be targeting this are:
