THIS IS A BEAR MARKET COUNTER TREND RALLY SIGNAL> NOT A REVERSAL in my eyes.
Dying sell and rising on the daily here. I think we hit the wall at 7,700ish because down and fib level. For 7,562ish would be resistance and still intact for the move lower from there. Otherwise look for a sell off at the red resistance line above at 8562.
Just because my brain says we shouldn't rally doesn't mean anything because the chart is telling me otherwise.
My target to enter anything would be sub 6k to go long see my other posts on this. I do not think we hit 4k. Anything with big below last low of 6,600 is our rocket launching pad. WILL MARK THE BOTTOM as always.
From there we will do a 2-3x bounce. which means 6k gets us 18k and not 25-30 maybe for years. I could be wrong though it is just a moon rocket in the dark and a feeling.
This is TA and not TA trade advice.
For now we are exactly back to the big whale pump level and have done nothing outside that. And we need buyers. I circled this to make a point of it. We bounce off the center of bollinger band moving average in a RALLY configuration which is the first time in a long time so trend is UP for now. The 15 minute chart we failed under 20 so short term is lower according to chart.