MACD of daily chart will eventually close

There is a huge chance that $1500 to $2000 drop will occur after weeks of fall


Only scalp long but longterm daily chart short.

Trade closed manually:

Very strong support at 10870 and very strong resistance from the bears.

This tussle needs to be played out like a tapering triangular apex.

Trade active:

Short active will close when MACD crashes sufficiently

Comment:

9952 lowest so far 28.40% fall from 13900

Trade active:

9750.5 lowest so far 29.85% fall from 13900

Trade active:

9725 lowest so far 30.03% fall from 13900

Trade active:

9673 lowest so far 30.41% fall from 13900

Trade active:

Whatever pump the 4hr will do is not going to be enough to hinder the Daily MACD dump to come.

Someone said it this way: The 10000 - 12000 is the new 6000 -8000 range and when the Daily MACD is ready to dump back to zero it will.