As you can see on the chart we have a rising wedge here and as I mentioned in the previous idea, there will be a rejection around 36800-37000. It should follow the yellow arrow now.
@Bittune82, Hi, nothing changed. still in the channel and as I said before, it will be rejected around 37k or a little higher around 38.6k. My short position still open.
Bittune82
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@ir0nhand, tnx , you are the only one who predict true , nice job !!
What happen After drop to 32700?
ir0nhand
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@Bittune82, Thanks bro.
It should hold the trendline support to continue the bullish uptrend in the channel but I think the breakdown to new lows is highly possible.
Bittune82
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@ir0nhand, okey
if downtrend continue to 26k , then have we bulish uptrend or drop again?
now what?