Downtrend->Sluggish supply(no sellers)->Big money pumps into lower highs and also stop out the trendline players->Now ACCELERATED downtrend.
My key levels are a close above 9.4k and the 10-11k range, at which point I´ll flip bullish.
As we keep ranging inside a resistance zone here, there is a good chance we keep consolidating and break down after some kind of fakeout. There are a lot of resistances above and until we break the topmost box, there is no reason to be bullish here.
The last dump around the new 8.6-PI-Cycle and failure to break out is a heavy indicator that we are crashing to 2.5k very soon.
Mining Businesses will close, Futures markets close, real panic ensues.
The resistance trendline is clearly turning down, which shows extreme weakness.
The last run was on very little volume.
With the new PI-Cycle starting, I expect a...