Possible outcomes for the next few days (perhaps 1-2 weeks)
- Retest the $9500 resistance area
- If we get enough momentum, we could break resistance. Next resistance would be around $10,000-$11,000
- But I wouldn't be surprised to see some sellers stepping in at resistance for some profit taking, and we could see a drop to retest the ~$8000 support area
- If support holds, this could be a good dip buy area, and we could go up to test again and possibly break resitance
- If support breaks, we could see a dip pull back to prior low around $6000
Always have a plan and be prepared for different scenarios.
We're in a confirmed Bear trend, and one should be very careful with position sizing and risk management.
- Retest the $9500 resistance area
- If we get enough momentum, we could break resistance. Next resistance would be around $10,000-$11,000
- But I wouldn't be surprised to see some sellers stepping in at resistance for some profit taking, and we could see a drop to retest the ~$8000 support area
- If support holds, this could be a good dip buy area, and we could go up to test again and possibly break resitance
- If support breaks, we could see a dip pull back to prior low around $6000
Always have a plan and be prepared for different scenarios.
We're in a confirmed Bear trend, and one should be very careful with position sizing and risk management.
Nota
Watching the 6000-6500 area very closely.Couple of scenarios that we could see here
1. Support holds, we create a Adam & Eve Double Bottom, and break out of the descending triangle
2. We have a final wash out / capitulation candle to $4500-$5000 area, before bounce
Nota
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.