Im bearish and dont belive the 30k support will hold
Updated
I know this is something most people do not want to see, but if the 30k support fails again something i do expect it will do, it will retest the 2017-2018 all time high for confirmation of support. Monthly indicator shows that the probability is high.
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I think a short bounce coming from one of my small fib target on low timeframe, redbox will be the new resistance where the bears will target more shorts.
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30500 is key support losing this will make the market to lose the welll known 30k support, if 30500 holds it will test 34500 where I expect it to drop from again, but we have to wait and see whats happen on the charts to be sure.
Form me this feels like the old 6k support after the 2018 high where everyone belived that the 6k was the bottom.
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Red box is the new short term resistance, im looking for a entry around 21-22k for long.
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Becouse of the daily charts indicators I do think a short term support on 27k will hold and a retest of 34k is possible over the next 14days. Lets see whats happen.
Still looking for a entry below 25k based on the montly charts indicators.
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short term i do think the support will hold and a test of 36k is on the turn
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