So my thoughts on this price action is simple right now. We are displaying hidden bearish divergence on higher time frames, declining volume and a corrective move up towards the death cross.
In the past we commonly test the death cross before continuing down .. so my analysis stipulates we will see $7500-$8000 tested before coming lower to new lows or a double bottom.
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.