Finally kissed the trendline from ATH, Could this be the start of the BIG SHORT?
My first ever trade nearby the major trendline, prediction is based on analysis of the previous price action nearby the same trendline.
Price broke above several trendlines and it looks like the retest of the broken trendline is completed succesfully so from my perspective i am bullish and my next target will around 9450$.
I've been lucky with the previous predictions in an rising trends, now it looks like we're heading down. That's why this next move is a bit risky, but I am going to play this nevertheless with a small amount.
Expect to see continuation to 902$ after a small bounce back from previous resistance.
Prepare for a bounce around 650 before reaching higher around 720
Upgoing trendline broken, the rise before the break was too steep, so I don't expect this to continue until after some correction
We have almost reached the magnitute of the first drop in januari
Trendline and fibonacci retracement level at 0.786 ($6575) are on the test, Could we see here a bounce back to heaven?
I am an absolute beginner trying to learn. That being said, I expect the drop to continue until 700$ and bounce back to 800$