The move down is likely to continue, even though we have met the first $ 78 k objective. The next one is $ 70k. Once we get towards the lower end, we may consolidate a bit, but noting that the monthly chart has started to become negative and this does not bode well, as this suggests we may see much lower, and initially $ 50k area.
Strategy SELL @ $ 82-85k and take profit near $ 70 k initially and re-access the situation.
Strategy SELL @ $ 82-85k and take profit near $ 70 k initially and re-access the situation.
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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.