Dunkelwerk

Dunkelwerk

It looks like we broke down and now confirming former support as new resistence. We will see what happens when traditional markets open, CME closed at 48400 USD. But i expect further decline as weekly volume is fading and there is clear inflows to exchanges . Target is 30k level, check my previous analysis for long term view.

Dunkelwerk

As we topped out at 65k, followed by blow off top to 30k, now we experience classical relief rally which is going to form a lower high. 50k is logical target with heavy resistence to get rejected , weekly volume is fading. Expecting reversal to 30k and as you can see in the chart we will continue with megapattern of descending triangle. Sooner or later we will...