I think we see this downtrend continue to atleast $9500. As I type this BTC is testing $9700. under $9500 we go to $9k and the idea is we bounce upwards testing the $10,500 highs again.
Youre welcome to go long here however I Think its best is to wait a bit. If you want get a starter entry.
Target normally does really well around this time and the chart shows it. Past the redline is where you could put your stoploss or a bit further down.
Taking calls here would be decent, but over the green line is CONFIRMATION. Remember all lines of support and resistance are similar to rubber bands NOT metal rods. Trade carefully, NEVER be afraid to take the green.
alot of people made the lotto on TLT, you might too?
So if ER this week is shit, and the market keeps going on TLT will naturally increase. Also lst time TLT bounces from these levels we had a squeeze way higher.
thirdly as it seems you the CCI works really great with TLT , so please utilize that when it comes to trade TLT .
SO I think these are the levels to watch, I mapped out first support at the RED LINE, which it could bounce from there under that Final support will be the green line. If we pierce the green line then I will post another chart and I think obviously we go lower.
Last time we cut under the 20MA the /es dropped 80 points before bouncing so this could be the same.
Inside day, I think we see new highs. Especially With the Er coming up at end of the month. Run up atleast with IO giving you an opportunity to be green. Look at strikes 2 weeks out for the best opportunity.