Our target of $6650 was met precisely! I mentioned that we should expect $500-$1000 candle, and we had 500$ move couple days after.. :)
I expect consolidation of some sort to be seen before bullish rally.. Orange box is consolidation zone 0 if we close above on daily - longs can be opened with best R/R ration depending on your trading management.
Next target is $7750-$7850 region with possible spikes to ~$8000..Only closing daily above $8500 would switch my bias and it can turn out to be strong bull rally - until then, I'm sticking to the green regions as my TPS
Keep in mind that we have important zones to cover lower than our recent low - that's why I think it will be just a "dead-cat-bounce" before continuation lower.. A lot of choppy price action to be expected too! *Don't forget to take profits if you see market turning around at crucial zones.
This is not a financial advise. Have a good one!
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Didn't make an update for a while, sorry for that guys!
7800-7900$ region was hit. I expect more downside momentum in medium term.. Take care
so 7850 before more short... sounds good, good luck with your long, I'm just going to sit out until we get there to keep shorting, unless we break above as you stated.
Patrikas10
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@EilderJorgeGarcia, Whatever strategy suits you best buddy. I cannot say 100% that you should short there.. We have to wait and see how price action behaves there.. 8200$ might be reached too.. Good times for scalping right now as we had very big move and price needs to consolidate - a lot of up and down movement with trajectory higher as of now. I'll try to make an update if we reach my projected targets and when I have at least couple daily candles at these regions to know better what's next :)