we fallen out of upward pitch fork channel and making lower highs on the rsi. 200ma about to cross the 50ma (death cross). mac d crossed heavily the down side. we may test 40k if the support at 43k doesn't hold. if we lose 40k then we will likely see capitulation down to 38k with wicks touching 36k. this would still be bullish longterm but short term shake out is in the works. derisk and maitnence your margin lest u get that call......
Comment:
43k still crucial. 40k dip could be the opportunity to make a long position for bullish speculators.
Comment:
correction 44k is crucial support
