Bulls need to step up soon with some decent volume or we are going to loose this bullish impulse wave and drift down to another $7K retest which would not be good for a bullish retest of upper resistance areas. Lots of liquidation into buying strength as shown by “big” red candles, the “big” green candle could turn out to be a chart oversold indicator DCB (dead cat bounce) which is getting sold into and could be confirmed if we are unable to break higher in the very near future...
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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.