We failed to break above $8K on the inverse head and shoulders off the bounce from $6,500, and now keep getting lower highs. The market is looking incredibly weak.
I've gone from bullish to bearish this last week.
1 month MACD showing a nasty MA cross-over into bearish territory. November candle below $8K is not a good sign as well.
A re-test of $6,500 will shake out all the bulls, and a plunge below sends us to $5K quickly.
Wish I had a better outlook.
See you Fall 2020.
I've gone from bullish to bearish this last week.
1 month MACD showing a nasty MA cross-over into bearish territory. November candle below $8K is not a good sign as well.
A re-test of $6,500 will shake out all the bulls, and a plunge below sends us to $5K quickly.
Wish I had a better outlook.
See you Fall 2020.
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Disclaimer
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.