Daily Bias = Short
Price Phase = Rebalance
Overall Daily Bias is down, with price reaching for the low at 1356. Price is currently rebalancing some imbalances left during expansion.
Daily Bias = Short
Price Phase = Rebalance
Price is rebalancing the previous down move. Overall, I believe price is reaching for the equal lows around 18k. Any bounce is a short until then.
Bulls seem to be in control, PA is gaining upwards momentum. ~8400-8500 is the first area of interest, I will take some profits there. A rejection at that level and i will open some shorts to hedge my longs. A major rejection and i'll consider closing all longs.
