Hi, We are at the crossroads. The $41000 levels have not held. It becomes impossible to quickly regain the growing pace of the Red Max Flow-lines.
The bullish scenario is not dead. => As expected at the beginning of the week (see links below), We can still pursue a moderate rise by following the blue channels of the Moderate Flow-lines. => For this to happen, it is essential that the time-price matrix (red rectangle) holds. We are in the lower limit. The behavior of the weekend will be crucial to maintain the bullish scenario.
If the $39400 level does not hold, we will find the bottom of the range : $33000.
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.