Hello my dear followers! Let's look at an absolutely similar pattern of September - November 2014 and December - February 2019. As we can see in that period, also after a strong fall down, a double bottom was formed, and resistance was not broken. These patterns are so similar that it is impossible to be afraid of them. Our short from the previous ideas still...
Our short from 4200$ already in profit. Don't forget to move your stop without loss.
Our target - 3600$ (+15%).
Next we need to see whether the trend line and MA200 will stand.
3400-3550$ the level that we don't trade!
I am more than confident that these support will not stand and the fall will continue. In case of breaking down these support...
I still don't think we hit bottom. Everything is now in a bullish mood, although we did not even see the capitulation volume with a long weekly candle with a shadow. The fear and greed index is already more than 60, which for 14 months tells us about the approaching fall.