Again followed the price more or less what we expected. A small bounce at around the 5 digit, 10.000 USD and down towards my pivot and long trend line (blue) near 9700.
Like yesterday I said we would probably see a small chop around this area before a move down, currently we are waiting for this move to happen.
On the higher timeframes it does look bearish and I am not seeing any reversal in the market for now. I really don’t care about all the news around Bakkt, futures etc. etc. I want to see real price action as this point in time.
Lets see if goes towards 9200 ish today….
- Still have my targets around 8000 ish and 5000 ish
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Like yesterday I said we would probably see a small chop around this area before a move down, currently we are waiting for this move to happen.
On the higher timeframes it does look bearish and I am not seeing any reversal in the market for now. I really don’t care about all the news around Bakkt, futures etc. etc. I want to see real price action as this point in time.
Lets see if goes towards 9200 ish today….
- Still have my targets around 8000 ish and 5000 ish
If you like my charts, thoughts and comments please like and/or follow - You can also find my charts on Facebook:
www.facebook.com/cCryptotrading101/