Before starting: This bull run is just FOMO. Stay away from it, it's too late now. It's too risky and not worth it!
So what I expect?
In the next hours/next few days we will touch MA200, and here we will have two possible scenario:
- if bulls break it, bye bye bear market;
- if bears resist, welcome again 6.8-7.2k.
I'm for the second scenario, in fact there will be a huge resistance and a massive sell-off (don't forget that we are 40% up from last low).
The above references an opinion and is for information purposes only. It is not intended to be investment advice.
Cheers!
So what I expect?
In the next hours/next few days we will touch MA200, and here we will have two possible scenario:
- if bulls break it, bye bye bear market;
- if bears resist, welcome again 6.8-7.2k.
I'm for the second scenario, in fact there will be a huge resistance and a massive sell-off (don't forget that we are 40% up from last low).
The above references an opinion and is for information purposes only. It is not intended to be investment advice.
Cheers!
Comment:
Check out also my new idea on the weekly chart!
I expect a retest of MA100 and maybe of MA20. If them hold, my target will be 9k. Otherwise, I expect another huge dump to 4.5k (which I consider the bottom of this bear market).