Hi guys, with this bear flag confirmed with significant volume and continuation on its drops( as low as sub 8000 today), I would like to state that we might notice a bounce that could bring us up to 8300 8400 level.
Finding a SHORT entry:
I will be watching it closely, analyzing its volume and higher timeframes indicators such as 4H and 1H( RSI, MACD, Sentiment index)
My target at this point is around 6000 - 6600, which would bring us down to retest the "bottom", pretty much a critical point as I have seen people comenting about 3000 as a possible new bottom.
No entry zone for now, I am not LONG and my latest shorts were just covered around 8000.
I will be updating here in real time.
Finding a SHORT entry:
I will be watching it closely, analyzing its volume and higher timeframes indicators such as 4H and 1H( RSI, MACD, Sentiment index)
My target at this point is around 6000 - 6600, which would bring us down to retest the "bottom", pretty much a critical point as I have seen people comenting about 3000 as a possible new bottom.
No entry zone for now, I am not LONG and my latest shorts were just covered around 8000.
I will be updating here in real time.
Comment:
SHORT 8300
added SHORT at 8100
AVG now 8160
If you followed you are sitting on a nice profit :) Congrats
Target 1 7500
Target 2 7100
Target 3 6000