Another wave another short, a BIG short ! After the bearish confirmation with the break of the $3636 level on Sept. 27, the first bounce wave ended on Oct. 5, and the bearish acceleration on Oct. 13 with the lows supporting Fibo 50%, yet another wave of technical bounce is about to end. The opening short area starts at $3750 with a more important area between...
As estimated in the last analysis () a technical rebound occurred regularly on the indicated levels. In these hours we are in an extremely important phase. The area is indicative of a possible Bear continuation area. Any targets are indicated in the area below $2200; A break to the upside above $ 4350 would invalidate the trade and open to long scenarios.
SPX - Important area of technical rebound The correction is in the final stage, and the EMA200 should serve as an important support. After more than a "difficult" semester, July could finally be a decent month.
After the pushback from the MA50Weekly and the breaking of the bearish flag, Bitcoin has screwed into a bearish trend slowed only by the 61.8% Fibonacci level, after a few days broken. After the breakdown of the MA200Weekly there was the maximum moment of correction. The #OnChain data indicates a massive build-up for most likely Retail users. A rebound is more...