sometimes the market needs to flush out the optimism before it can move higher
no doubt a seriously large liquidation of accounts
the list of gone
algo and position traders stopped at $42,000 support
algo and position traders stopped at 200 DMA support
algo and position traders stopped at 300 DMA support
leveraged traders, leveraged traders, and more leveraged traders
price clustering/accumulating under the 200 DMA now which make it very hard for methodical traders to take a position
never before seen low on the MACD looks like the bottom is likely to form here
we shall see
not financial advice
no doubt a seriously large liquidation of accounts
the list of gone
algo and position traders stopped at $42,000 support
algo and position traders stopped at 200 DMA support
algo and position traders stopped at 300 DMA support
leveraged traders, leveraged traders, and more leveraged traders
price clustering/accumulating under the 200 DMA now which make it very hard for methodical traders to take a position
never before seen low on the MACD looks like the bottom is likely to form here
we shall see
not financial advice
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Related publications
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.