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MUSICAL_COSMOS
Feb 23, 2021 8:28 PM

short term bEAR TREND INCOMING Short

Description

we fallen out of upward pitch fork channel and making lower highs on the rsi. 200ma about to cross the 50ma (death cross). mac d crossed heavily the down side. we may test 40k if the support at 43k doesn't hold. if we lose 40k then we will likely see capitulation down to 38k with wicks touching 36k. this would still be bullish longterm but short term shake out is in the works. derisk and maitnence your margin lest u get that call......

Comment

43k still crucial. 40k dip could be the opportunity to make a long position for bullish speculators.

Comment

correction 44k is crucial support
Comments
gentile2000
When do you think the low targets will hit? Short term like 1-2 days or more like the upcoming weeks?
MUSICAL_COSMOS
@gentile2000, low targets will only be hit if the key levels do not hold. could be next week could be a few hours if the daily closes weak below 43k
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