Bull or bear?
Updated
Important level. Do we break it and party hard or will we go down first? A weekly closing above the line is needed (not perse this week).
Remember, the majority always have to be wrong. To wipeout all the new investors, before a major bull market, might just happen.
Remember, the majority always have to be wrong. To wipeout all the new investors, before a major bull market, might just happen.
Note
We had a fake breakout to the upside to start this week. Today closed below the trendline. We need to close the weekly (!) candle above the trendline for a strong bullish signal. If we close weekly below the trendline it is a slightly bearish signal.Note
We are (probably) closing this month above the middle trendline. We already tested the middle trendline this week and bounced back up. This is a bullish signal.Note
We have closed below the trend line. Currently reaction to get back into the trend. If that fails we are looking at a minor support at 30k, solid support at 12k and major support at 8k.Note
We broke 30k and now in no-mans-land. Solid support at 12k and major support at 8k.
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