Last week
HSI1!
rallied to 20300 previous week low volume area then got sold off towards 19450-ish, previous daily excess, where seller couldn't find traction. Buyers stepped in and ended OTFD and created three sessions of OTFU into 20300-ish and again got rejected, which left weekly OTFD continued.
Looking ahead, with the Belt, aka @spacemanbtc creation, getting lower, I expect STFR mode still in play, unless the low volume area is taken out.
Bullish case: IMO, buyers in control as long as the area
holds, then claim and gain acceptance within 266-355, targets 585
Bearish case: breaking down 4/8 low
would trigger weakness, and overall it's simple, keep price under 356 and break 19456, to maintain weekly OTFD, target 19216/063/18879/576
HSI1!
rallied to 20300 previous week low volume area then got sold off towards 19450-ish, previous daily excess, where seller couldn't find traction. Buyers stepped in and ended OTFD and created three sessions of OTFU into 20300-ish and again got rejected, which left weekly OTFD continued. Looking ahead, with the Belt, aka @spacemanbtc creation, getting lower, I expect STFR mode still in play, unless the low volume area is taken out.
Bullish case: IMO, buyers in control as long as the area
Bearish case: breaking down 4/8 low
Comment:
Oh.... Fake breakout
