Bulls are on life support, I wouldn't wanna be them.
PA isn't favourable for bulls at all. A very good chart I should have paid more attention to is the weekly. Daily TF also has 7 consecutive red candles and the last time that happened, price broke the 6k floor. Would be bold to say price breaks the $9123 support within 11 days. Bakkt launch to me is a 'sell the news' event. If after 11 days, support isn't broken though, I expect sideways action and a break before the end of the year. Question isn't 'if' but 'when'.
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.