The bottom may be in for now, and a bounce back up is expected! Volume has been good, but we need a continuation of that volume to not lose momentum! My final bottom target is anywhere from 70-90$
Volume is still concerning me, so this is still a trade that i'm looking very closely. If the 5th wave is actually in, then volume will most likely be coming very soon!
From a volume perspective, it seems that the top is in, and we should be heading down in the next few days. Volume has decreased, and we're below the MA again.
Longing is quite risky now, shorting is the safer play.
Super low risk, with a nice reward. It's screaming a buy for me
After further analysis, i now see an expanding flat. New lows are coming, be prepared! Im seeing a temporary bottom at around 35$ ish. Then we get a pump to around 39$ and we head down lower.
Looks like a clear 5 wave up. Shorted the 3rd wave, and now going to long the 4th. Let's make some money!
Looks like a clear 5 wave up. Shorted the 3rd wave, and now going to long the 4th. Let's make some money!
With the weekly making a new low, i now stand by this count. It's also good to note that volume is still declining. Don't try to catch the bottom! Stop is at 5700's.
Looking for a short term bounce. All tho Support is holding so far, i am still a bit worried about the volume. Will reevaluate next week! Taking this trade with a tight stop, in case things go south.
Looking for a 0.618 pull back for more further analysis. If you also notice, we have been going up with declining volume, which is a big bearish sign!
Chart says it all! :)
We have been gone up with declining volume and now have broken below the volume ma, which is another bigger bearish sign. My prediction: bloody monday.
This is only start of this downtrend. ;)
Don't miss this chance folks. Buy the fucking dip! We're in a bull market again.
It seems like we have a long way to go. Also good to note that we have bearish divergence on multiple TFS! See ya at the bottom. ;)