Im expecting it to bounce a little from 72000 or go straight through since that was such a remakable zone as percieved on the 1Hr chart. I expect this price to plumet and then bounce drastically to reach ALT prices. If you look at the renko day chart you will see the huuuge potential for a BUY opportunity over the long run. Basically, I think its smarter to just...
The last short position I called did tske some time but it went down and very good profit was netted. Patience was the only reason. This time Ive got a stop defined just in case the Fed or oil prices start giving out clues it's still going down
Breaking point that I found is circled in red. Done with the 5Min chart but I cant post that time chart bc the resolution is too small for TradingView. What do you guys think? 12525 for a retest and the bounce back up or fall right through?
