dadae

dadae

Pushing to the red trendline would finally break it this time and that's when we should see volume coming in.

dadae

.

dadae

Considering we hold the low, it would be a decent bottom.

dadae

People were aiming for 2k and they flipped to 5k after this slow rally. R/R and 1 hour rsi divergence offer a good short entry. We also hit local fib extension profit targets ( 1.272 and 1.414).

dadae

Some key levels to achieve for each situation

dadae

^

dadae

Every rally we had this year has been getting lower highs, which means the market was tested but lacked buying pressure to get a new major high, and testing 6k area several times. If they want to avoid 4k we should get the first major higher high above 8.5k (Looking at 9.2k as first target) and breaking the upper trendline on the way there. Otherwise these...

dadae

They keep buying 6k area but failing to sustain a rally this time like we had to 8.5k and to 10k before. This upwards channel could end up exhausting the bulls and completing a massive bear flag from recent 8.5k top with target around 4.4k. Above this we have 7.5 to 7.8k as next local fib extension targets (touching an important upper trendline at around 7.5k...

dadae

hace 3 minutos Too many shorts at this point after such a strong bearish movement in the last few days. Dropping more would be the beginning of capitulation to 4k area, which is expected to happen sooner or later. Shorts could easily get squeezed here before continuing downwards.

dadae

asdf

dadae

p

dadae

i

dadae

Looks beautiful

dadae

We need a retracement here targeting 6100. (*extension, sorry)

dadae

+.+

dadae

`-´

dadae

75 - 76 should be last area before falling if we dont before. Bearish divergence on the daily and upwards trendline around that area.

dadae

I dont see this current move taking us to 6.6k or above, which would break a short term downtrend. I see 6.4k - 6.5k as a confluence area for shorts/profit taking and the biggest resistance in this local structure. If we dont break that area we will test 5.9k support area.