First of all, please don't panic and sell. If you can read indicators and patterns, you could see that at 33,000 it was a strong support earlier this week. Now we see a clear double bottom formation 4H time frame.
RSI shows a positive sign too, for example at 4H you can clearly see a rise from oversold towards the middle of the trend
MACD is turning green on later time frames which is a good sign too.
I personally will keep buying the dip. If we can protect level 33,000-35,000 then we can expect a rise towards 42,000. If we fail, then 25,000 is imminent level with a very strong support and demand.
Trade closed: target reached
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Closed trades at 38,500 (+5,000). Double bottom played out well. RSI did not lie either.
Dont try to say its fine... its not fine, its bearish.
SELL!
FlowersFor
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its 100% clear there is hidden bearish divergence.
If you can read indicators and patterns then u know there is one
tolgi
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@FlowersFor, Thank you for your comments! Always happy to hear other people's view on the current trends. From what I see, there is a strong support at levels 33,000 - 35,000. And double bottom played out well. All we need is good news from Elon Musk and China :)
Dont try to say its fine... its not fine, its bearish.
SELL!