Many of us are looking forward to this great battle for the end of the bearish trend, but the result is not clear at all. I was calling short positions during a few days ago, and just now I realised that the chances are almost equal for each side, however I still think that we have more chances to breakout for a couple of hundreds and get a considerable drop again.
In the 4 hour ichimoku cloud we can see a clear final battle. In my opinion, if we close the current candle below 8560, the chances of the price to retrace are getting way bigger.
This is my vision to the current situation:
1. Whales might have a plan to surpass the last high for 100-300 dollars, and squeeze the shorts hard again (around 8880 mark).
2. Bulls win and we go successfully to 9200, where above that price we will go straight to test again the 12k mark.
3. The price just doesn´t breakout and we go straight to around 7100 very fast.
Anyway the market is bringing good news, this is the point where the end of the bear season has come or where we will see retest of lower levels again ( going to 7100 will bring 6k again).
Good luck and safe trading!
In the 4 hour ichimoku cloud we can see a clear final battle. In my opinion, if we close the current candle below 8560, the chances of the price to retrace are getting way bigger.
This is my vision to the current situation:
1. Whales might have a plan to surpass the last high for 100-300 dollars, and squeeze the shorts hard again (around 8880 mark).
2. Bulls win and we go successfully to 9200, where above that price we will go straight to test again the 12k mark.
3. The price just doesn´t breakout and we go straight to around 7100 very fast.
Anyway the market is bringing good news, this is the point where the end of the bear season has come or where we will see retest of lower levels again ( going to 7100 will bring 6k again).
Good luck and safe trading!
