After we dropped to around 40k as I predicted we saw a move back up to 43500 dollars and formed an ascending triangle. We already saw three touches around 40k therefore, if this pattern breaks down, 40k probably wont hold another time. The breakdown target is around 39k but I think, if we break down to such levels we will close the CME Gap at around 38.5k dollars.
I consider the breakdown probability higher, because we topped out again and we are starting to roll over. I think if we close the gap it will happen in a matter of a few minutes and then the price pumps back up over 40k.
I consider the breakdown probability higher, because we topped out again and we are starting to roll over. I think if we close the gap it will happen in a matter of a few minutes and then the price pumps back up over 40k.