As I had mentioned to my group the struggle getting back above $60k was going to end up with a sharp rejection which we now have seen, the question now is how low are we going and how big will the correction be, my thoughts are we test the long term support trendline which also cross over with a key support level of $53,500. The reason I believe this is my next highest key support on the daily is $57,000 and this is appearing weak and unlikely to hold. The weekend is surely going to be interesting.
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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.