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I'm waiting to see. It is pure guess work in this scenario.
We have not broken the short term bear trend which has turned to support. Bullish.
We still have the longer term bear trend looming. Bearish.
6k is a massive support that if it gets broken, I will be very scared. We could easily see 2-3k.
It seems like there could be a slightly bullish divergence on the moving averages zoomed in.
This little period in February, Chinese New Year, has striking similarities to the past.
The bars are superimposed on top of this years graph for the same time period. They are so similar!!
Last February and the February before that have shown extremely similar patterns. I'm sure that the years before that did too.
We all know what happens after right? Moon time?
As soon as we failed to break resistance we entered a descending triangle.
Bulls are pushing. If we fail once more then a fall to 8k is likely.