Trying to chart out a possible path now that we have a somewhat "bottom" from the selloff. The thing that stood out the most is the corrective channel we seem to be in. Targets match up quite well.
There's resistance above now (of course), but it might help for a buy opportunity if a double bottom forms. Sticking to scalps until a bottom is confirmed or if we can break 45K resistance without a test of the low. Guards up!
There's resistance above now (of course), but it might help for a buy opportunity if a double bottom forms. Sticking to scalps until a bottom is confirmed or if we can break 45K resistance without a test of the low. Guards up!
Lots of shorts are trapped now and those who are 10X from yesterdays selloff low will have a liquidation price around 50K. Could just be what we need to bust through. Time to squeeze those shorts. But first, we need to create support above 46K