My previous idea was reasonably accurate, although, my target was not reached, but it got close. 
This appears to be the last attempt from the bulls, and it's looking pretty weak. The Re-test of the $7600 resistance as support could be the last chance to move up, but I'm not counting on it.
I'm not a fan of the TD Sequential indicators, but for what it's worth, the daily flashed a bearish 9, which turned into a 1 soon after.
My forecast is sideways move holding on to 7600 as support for a little while, which will give hope to many, but it won't be too long before we break down and start the slow bleeding process towards 5K-5.5K.
Alternatively, the Illuminati might be trying to sell the doomsday picture before a massive pump in order to liquidate many shorts and cause a short squeeze. It's definitely possible, but I don't think will happen.
That's it.
Be safe!
Cheers!
This appears to be the last attempt from the bulls, and it's looking pretty weak. The Re-test of the $7600 resistance as support could be the last chance to move up, but I'm not counting on it.
I'm not a fan of the TD Sequential indicators, but for what it's worth, the daily flashed a bearish 9, which turned into a 1 soon after.
My forecast is sideways move holding on to 7600 as support for a little while, which will give hope to many, but it won't be too long before we break down and start the slow bleeding process towards 5K-5.5K.
Alternatively, the Illuminati might be trying to sell the doomsday picture before a massive pump in order to liquidate many shorts and cause a short squeeze. It's definitely possible, but I don't think will happen.
That's it.
Be safe!
Cheers!
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.