August 3 2020 we touched for second time the support
August 4 2020 we touched for the third time the support
August 11 2020 almost touched and same case for august 12
Finally August 25 we touched again the support
We are on a 9 according to the Tom Demark Indicator (this means that price is exhausted of falling and a reversal is possible) However the MACD indicates price still falling. The price target for a pullback is 10700 USD with a 60 % chance.
Overall I'm bearish on this current market prior to the next bull phase.
We still on a bearish trade. Our support is on the 9600 USD.
ocramanilom
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On the Daily all the Oscilators looks bad, especifically the CMF, RSI and MACD. The support at 11400 is broken. I think we can pullback with a 70 percent accuracy to the 9600 level.