On the daily chart I can see a falling wedge pattern unfolding, we are now trying to hold an important support level for the 3rd time in less than a month and this is the time for the market to decide what to do, I personally see us breaking this support level lower and falling quite rapidly to the $17K - $22K range, failure to hold that colossal crash could send us to $10K quite easily, by that time looking at volume profile lots of buy orders will be getting triggered around that zone, we should then see a good rally up from that point, ears to the ground for big news, position yourselves!
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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.