\ Targets ~40k and ~28-32k region, then 20k and 10k.
Comment:
bearish MACD crossover on weekly..
Comment:
On weekly, we had bearish engulfing top with big top wick, and big bottom wick; big bottom wick got filled in the next week with big solid sell candle. now we are on pullback up to 55-60k then potentially down more
Comment:
So, we dropped out of the ascending wedge pattern. What looked like would be a big down, got support and formed a descending wedge, that we've now broken up out of. This very well could just be a pullback to the 55-60k level, before continuing a downtrend. 60k looks hard to pass on the weekly chart. We would need to close over ~57500 to look more bullish, and definitely close weekly above 60k, for a shot up to 75-100k.. It's still possible, I can always buy more if we do get really bullish. But, I'm glad I sold top of ascending wedge, to prepare myself for a fall and minimize risk, with the intention to buy more at a lower price or rebuy at around my sell price later if it looks good over time. :)
Comment:
30k hit
still saying short at 55k