Description
⋅ There is a huge chance that $1500 to $2000 drop will occur after weeks of fall
Only scalp long but longterm daily chart short.
Trade closed manually
⋅ Very strong support at 10870 and very strong resistance from the bears.
This tussle needs to be played out like a tapering triangular apex.
Trade active
⋅ Short active will close when MACD crashes sufficiently
Comment
⋅ 9952 lowest so far 28.40% fall from 13900
Trade active
⋅ 9750.5 lowest so far 29.85% fall from 13900
Trade active
⋅ 9725 lowest so far 30.03% fall from 13900
Trade active
⋅ 9673 lowest so far 30.41% fall from 13900
Trade active
⋅ Whatever pump the 4hr will do is not going to be enough to hinder the Daily MACD dump to come.
Someone said it this way: The 10000 - 12000 is the new 6000 -8000 range and when the Daily MACD is ready to dump back to zero it will.