- Price showing some strength on low time frames so expecting a short rally towards resistance zone between 3450-3750$ .
- Expecting a leg down towards 26xx-24xx after this short relief .. getting prepared to set some buy orders there for a larger bounce , if price action is still weak then will exit quick and look for a better entry .
- In my opinion bottom isn't in yet .. will follow up with price action and wait for a long wick to the bottom showing proper capitulation.
**** Question is bear market will extend to visit 1200-900$ range before starting next bull run !! ****
- Expecting a leg down towards 26xx-24xx after this short relief .. getting prepared to set some buy orders there for a larger bounce , if price action is still weak then will exit quick and look for a better entry .
- In my opinion bottom isn't in yet .. will follow up with price action and wait for a long wick to the bottom showing proper capitulation.
**** Question is bear market will extend to visit 1200-900$ range before starting next bull run !! ****
Comment:
weekly look
