Hello, as per my last idea, the scenario is sill in play. the price is lateralizing, albeit nervously because of the special level of 20k very close, but if we filter out the noise with a higher timeframe, things appears more clear. Dips are quickly absorbed at the moment, but the most likely scenario is down. However, lets check for up movement, as a return above 19k level will mean a continuation of the uptrend.
MACD is sloped downward, RSI is decreasing, and the DMI is indicating the positive momentum is dissipating. A healthy retracement will bring us to the 14-16k area, with a bigger possible move up to 12k area, even if less likely at the moment.
Any pullback to this area shall not be worrying and would not inficiate a continuation of the uptrend later on. Below 12k instead, would be a problem a we could move laterally for a while.
MACD is sloped downward, RSI is decreasing, and the DMI is indicating the positive momentum is dissipating. A healthy retracement will bring us to the 14-16k area, with a bigger possible move up to 12k area, even if less likely at the moment.
Any pullback to this area shall not be worrying and would not inficiate a continuation of the uptrend later on. Below 12k instead, would be a problem a we could move laterally for a while.
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