I'm seeing that my supports are holding and while we are having a slight pullback, I'm not sure I agree with my colleagues who are calling for a mass dump to $6K. I do think we will see a pull back to the $6600 area, but not sure if it will break through that.
My all time rising trend line in dark blue has been my baseline for where price should be... Add my rising trend line from the 12th and this creates a rising wedge suggesting a bearish reversal is imminent.
But since the manipulation back the 12th, we have been building a giant bull flag in light blue. (Bull Flag) suggesting a breakout any day now.
I have a pretty conservative trendline back from December... And we are still $3k off of it. I think we're still going down to the $4k range... comments? concerns? Suggestions? Leave in comment area :-)
I'm not sure why all of the big hitters are staying away from this obvious downtrend line... I've been short for weeks now since the last fake break out when I sold at $11k... I'm no expert, I don't claim to be.