Here is a chart. I am struggling to find a bullish outlook here. Arrows shows potentials paths that may be taken. Overall, jan 21st is important as 8hour and 6 hour have bearish twists and I believe this weekly candle will make a lower low (similar to the june dump)
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Here is an outlook on the weekly ... its not all doom and gloom. We can still keep this bull channel up if the next week opens and goes green. If we break the trend shows here (roughly around 10k) -- its a bear market.
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Chart for my comments above.
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I am getting a lot of bearish comments. Next week is green BTW. Weekly bull trend is still intact. We go bear after 10k.
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Weekly closed pretty much without a move down, so this week we see more red. None of the charts look good. As mentioned earlier, we may see a significant move around jan 20 or 21.
4,6,8 hr charts are absolutely rekt right now. 12 hr has some potential, but is slowly turning bearish.
4,6,8 hr charts are absolutely rekt right now. 12 hr has some potential, but is slowly turning bearish.
Trade closed: target reached:
Watch and see. We didnt see capitulation yet. So we will wait for a clear breakout or break down.