Possible outcomes for the next few days (perhaps 1-2 weeks)
- Retest the $9500 resistance area
- If we get enough momentum, we could break resistance. Next resistance would be around $10,000-$11,000
- But I wouldn't be surprised to see some sellers stepping in at resistance for some profit taking, and we could see a drop to retest the ~$8000 support area
- If support holds, this could be a good dip buy area, and we could go up to test again and possibly break resitance
- If support breaks, we could see a dip pull back to prior low around $6000
Always have a plan and be prepared for different scenarios.
We're in a confirmed Bear trend, and one should be very careful with position sizing and risk management.
- Retest the $9500 resistance area
- If we get enough momentum, we could break resistance. Next resistance would be around $10,000-$11,000
- But I wouldn't be surprised to see some sellers stepping in at resistance for some profit taking, and we could see a drop to retest the ~$8000 support area
- If support holds, this could be a good dip buy area, and we could go up to test again and possibly break resitance
- If support breaks, we could see a dip pull back to prior low around $6000
Always have a plan and be prepared for different scenarios.
We're in a confirmed Bear trend, and one should be very careful with position sizing and risk management.
ملاحظة
Watching the 6000-6500 area very closely.Couple of scenarios that we could see here
1. Support holds, we create a Adam & Eve Double Bottom, and break out of the descending triangle
2. We have a final wash out / capitulation candle to $4500-$5000 area, before bounce
ملاحظة
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.