There's only one very small possibility for a bullish scenario from where we are right now. Looking at the volume and the weakness following the bounce from 74k after the initial 2 surges.... This will get extremely ugly over the next few weeks. If we hold above the 74xxx low, we can grind to 145k over the next 6 months. That hard low is going to be retested very soon. If the bears break it, this double 3 will play out with targets of 
48K-62k. Right now I'm short. I will closely watch the push down below 78k that is currently building. If we hold above under extreme bearish pressure / volume, I will look to open longs. If we slowly grind below 78, 77, 76, 75, with low volume, I will remain short as this will signal extreme bearish bias.
48K-62k. Right now I'm short. I will closely watch the push down below 78k that is currently building. If we hold above under extreme bearish pressure / volume, I will look to open longs. If we slowly grind below 78, 77, 76, 75, with low volume, I will remain short as this will signal extreme bearish bias. 
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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.