Big recovery from the big orange guy last night. As I've stated in my previous posts, the 12/26 MA are narrowing, but have yet to cross paths to show a clear pivot point for a correction.
There's 2 options; UP or DOWN. New ATH or Head and Shoulders setup. Bears lost a lot of control from last nights drop. Late 10x shorts from yesterday will have a liquidation price around 51-52K. Could that have been the bear trap to force the price above 50K?
We're at the junction which will paint a clear picture on the next move.
There's 2 options; UP or DOWN. New ATH or Head and Shoulders setup. Bears lost a lot of control from last nights drop. Late 10x shorts from yesterday will have a liquidation price around 51-52K. Could that have been the bear trap to force the price above 50K?
We're at the junction which will paint a clear picture on the next move.