Everyone is expecting a 39 -40k bounce, but i think we may go to the 21 week EMA at 32 - 33k which will wipe out a lot of over leveraged longs from 40k. Previous bull market had several pullbacks to this moving average. VPVR also supports a bigger drop. RSI also likes to pull back to 55 on the weekly as in the previous bull market.
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.