I take all these wicks as a reaccumulation process. Let the market verify this.
This is not a prediction or a trading advice, please take your own risk during trading. Like any other traders, I saw two huge wicks on the weekly candle, which can be interpreted as a bearish candle. And a lot of people shorted it all the way from 14k to 10k. I think they are excellent to spot that. But there are several things bothering me: ...
stop loss at 9800 Reason: It can be a double bottom, despite the bearish weekly candle.
This is not a trading advice. I just saw two identical fractals. BTW, weekly candle is extremely bearish, hence, either 14k is a huge bear trap then go to a much higher place or the end of bull trend. So be prepare for the mega dump if we can't hold the 10700 area.
This triangle hasn't formed yet, but I think it will.
The bullish divergence insight and just right above the previous support zone.
This market keeps spinning while consolidating. hmm.