Given no follow trough to the downside and a larger amount of margin shorts I think we are going to have an impulse higher before the next leg down.
$6,800 is a big resistance, but a break over it will be required to REKT the shorts. After that I expect a similar down trend as the one from $8,500 down to $5,900.
$6,800 is a big resistance, but a break over it will be required to REKT the shorts. After that I expect a similar down trend as the one from $8,500 down to $5,900.
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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.