Hi Traders,
This is a continuation from the previous post, link below.
This still looks like a reversal bottom for the short term however I do see the weekly 10\21 ema as a macro potential resistance which has confluence with the 0.5 or 0.618 fib level, as per chart below.
So our ABC correction impulse could be moderate but I'm skeptical and do think a deeper correction could play out to be lower than 30k. Maybe the 50 or 100 weekly sma.
No V shape recovery, I rule that out.
So we will be here for a while.
All the best,
S.SAri
This is a continuation from the previous post, link below.
This still looks like a reversal bottom for the short term however I do see the weekly 10\21 ema as a macro potential resistance which has confluence with the 0.5 or 0.618 fib level, as per chart below.
So our ABC correction impulse could be moderate but I'm skeptical and do think a deeper correction could play out to be lower than 30k. Maybe the 50 or 100 weekly sma.
No V shape recovery, I rule that out.
So we will be here for a while.
All the best,
S.SAri
Comment:
s3.tradingview.com/s...shots/o/OWYMH69R.png
Discord: TradeToProspa
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This community has signals now but with no risk management comms.
Telegram: t.me/TprospaTradersbot
This community has signals now but with no risk management comms.
