Quick update.
We broke all support levels discussed in earlier post and I will continue to remain patient but must admit, I am feeling at least a temporary bottom is approaching here. I'm looking for any signs of bull life and they almost showed it earlier with the initial low of $3650 and a bounce to $4000 but failed to follow through from there and now we are testing $3600 as I type this. Looking for a large volume push down and quick recovery personally to give at least a temporary bottom and solid trade for bulls to follow. I'm a long ways off from feeling bullish even if we do bottom as bulls have a ton of work to do for that but this sell off has been pretty strong so would love at least a temporary bottom and a nice several days if not weeks of bulls showing up. Time will tell, be patient. Have yourself a plan and always protect any entries to preserve that precious capital from taking any large hits.
Just My 2 Sats!
We broke all support levels discussed in earlier post and I will continue to remain patient but must admit, I am feeling at least a temporary bottom is approaching here. I'm looking for any signs of bull life and they almost showed it earlier with the initial low of $3650 and a bounce to $4000 but failed to follow through from there and now we are testing $3600 as I type this. Looking for a large volume push down and quick recovery personally to give at least a temporary bottom and solid trade for bulls to follow. I'm a long ways off from feeling bullish even if we do bottom as bulls have a ton of work to do for that but this sell off has been pretty strong so would love at least a temporary bottom and a nice several days if not weeks of bulls showing up. Time will tell, be patient. Have yourself a plan and always protect any entries to preserve that precious capital from taking any large hits.
Just My 2 Sats!
