One more leg down?

Updated

Looks like another bear flag forming. I'm looking to buy 5650-5500 for a very strong bounce to at least 7k/potential bottom. $4500 would be my ultimate buy but it is doubtful it gets there on the first try or at all as I would be shocked if there isn't significant buying once 6k goes down.

Note

Bounced sooner than I thought but the bounce was WEAK. 5500-5600 not looking as good now so I'll probably wait for 5200-5000 for a bounce to 6000 or so. 4.5k looking possible if 5k doesnt bounce hard

Note

Fuck me. That one stings a little bit. Missed my target by $100 and stopped out on a long from 6400 on the binance hack. I'd like a pullback to 6400-6300 to hop back in and that would make a nice head and shoulder bottom. I'll set a trigger buy above 6850 that will probably fuck me but thats a breakout I have to play. 7700 target if we break 6850.

Oak_1

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