We see a 3H bar soon after few hours. That is quite a bullish signal. But the step is slow down, what I expect is a SOS to break through the previous resistence level and give us a second test.
As we see another Short of Thrust, the next high is quite likely bellow 32k. And that what we waiting for(Second Test) My previous idea is to short, but that's just another money losing try.
After a quick pull from 29k, 31k is coming, what we need is stay above 30k, now is time to take a little correction.
If 30k is supportive, we get a 3H bar, that could be a stop signal to this downtrend.
Well, 1716 is currently local low, kinda safe, I am waiting for second test to entry.
We see a volume+ drop under the 31k support, and a volume decreasing retest. IF, this 4h kline close above 30400, I think it means the supply is out for now, time to go long, to 34600! SL: 30200
We might not get an exact touch to 1700, now a volume-increasing drop is appearing, looks like a small selling climax, in my opinion, a good timing to take a long pos.
We got a small rally today, but the volume is still making new low. Are we going to test 30k or 28800 again?
Will the price rise up immediatly? Or swing at low price to drive patience out?
I see a faild JOC, but I can't figure out why, i guess that's normal in bearish markets. My SL is triggered at 34k, just wait for this retest and see will it pump up? But the volume is confusing, the SL might just place near 33650.
We see the creek is around 34600, and it did not go through few hours ago. But now a supply aborting is happening, that is a long signal.
BTC we see the breaking of trendline(from 28800), and a low volume rise but rejected by down trendline(red one), I guess a big short chance is opening. If the price jump over the creek(>35k), the short pos should be closed. Another option is to take a long pos when the price break the down trendline, but the long side better wait for the second test.
The ice line is near 33850, we see the broken trendline from there, watch for the behavior at the price zone.
Same as BTC, after the breaking of trendline, we now in a trading range.
After the price broke down the trendline came from 28800, we are now in a trading range again. Currently I think 31k-35k is the zone.
So, as I draw in the chart, a triangle is identified with decreasing volumes, so clearly a big move is on the way. But which direction?
After a retracement began from 36k, a follow through comes with high volume, I can't figure out why. But I guess 33k would be a support.
As a low volume thrust failed to make a new high, I think a short chance is opening. SHORT at 35500, SL: 35800 TP: 34600