Till now we didnt see higher lows on the higher Timeframes. Therefore I would like to see a retracement to the 40k area preferably on HIGH volume.
There might be a great buying opportunity comming up after that retest. It could potentially go as low as 10k but that remains to be seen.
A break above weekly highs (on high volume) would indicate a bullish continuation. I would wait for a retest of the upper line of consolidation (a higher low) to start building positions.
There might be a great buying opportunity comming up after that retest. It could potentially go as low as 10k but that remains to be seen.
A break above weekly highs (on high volume) would indicate a bullish continuation. I would wait for a retest of the upper line of consolidation (a higher low) to start building positions.
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We have started the correction from the 71.000 area on good volume indicating further bearish pressure in the coming weeks. 67.700 is a strong support line which we have approached now, if this fails we will go straight to 60.000.
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second target reached - bounce from here?
