Good morning everyone. I am taking a look at the 4 hr
chart this morning and I am seeing the bears are still holding their ground. We are currently trading at approximately 8100. We do have some support in the .786 fib which is at 8k. We have been falling down the (1) fan blade and the . 75 fan blade along with the 50 MA has been resistance for quite a while on this chart. I do expect that to give eventually as the RSI
is pretty bullish
right now. We had a recent death cross on this chart (not to mention on the daily) So the writing was really on the wall. The Bolinger bands are nice and wide at this time which may just indicate that we will move sideways for a bit. We have had 9 red 4hr candles in a row so the bears have clearly been in charge lately. Daily volume
is at $22,843,145,630 which means it is steadily climbing since we dropped. Lets see if the bulls will get out of bed today and show us a few green candles... But WTFDIK?