As you see 6.9 level is still rejecting. Cannot make new highs so the direction is obvious.
Who ever buying this resistance are just helping to fill some massive shorts before sending this thing done.
And the more this gone on, the harder it will drop.
Sad that beefs already seem to forget the event happened last month, but soon the red cloud on ichimoku will bring those memories back. :P
From a rough guess, even if the second leg does not drop as hard and only goes half strength, it could still send it to around 5k-ish.
Who ever buying this resistance are just helping to fill some massive shorts before sending this thing done.
And the more this gone on, the harder it will drop.
Sad that beefs already seem to forget the event happened last month, but soon the red cloud on ichimoku will bring those memories back. :P
From a rough guess, even if the second leg does not drop as hard and only goes half strength, it could still send it to around 5k-ish.