Who knows where they are planning to go next. I suspect:
1. We dump harder to 0.768 fib retracement (~$4300) since 2015 bottom and get a capitulation.
2. We dump to descending trendline which woudl cause a massive short squeeze - this would be smart move on CO part to shake out traders.
3. We consolidate and find some support here and drive on up to $9500 (least likely given current TA)
1. We dump harder to 0.768 fib retracement (~$4300) since 2015 bottom and get a capitulation.
2. We dump to descending trendline which woudl cause a massive short squeeze - this would be smart move on CO part to shake out traders.
3. We consolidate and find some support here and drive on up to $9500 (least likely given current TA)