Hey guys'n girls,
After yesterdays pretty brutal dump and the break of the upwards trendline, it is unclear if the bullrun continues or if it's over..
For continuation we have a still intact trend (above 40,6k I'd say we are still bullish but with caution.), volume is stepping in plus a heavy rinse of leveraged trades.
We should get a bounce from around this level with a goal at the 58-62k resistance, and not before a heavy rejection from there, I'd be certain to call it over.
A trigger for this long could be a break above 48-49k or to take out liquidity below the recent low.
Let me know your opinion.
Red or green line?
Happy trading.
After yesterdays pretty brutal dump and the break of the upwards trendline, it is unclear if the bullrun continues or if it's over..
For continuation we have a still intact trend (above 40,6k I'd say we are still bullish but with caution.), volume is stepping in plus a heavy rinse of leveraged trades.
We should get a bounce from around this level with a goal at the 58-62k resistance, and not before a heavy rejection from there, I'd be certain to call it over.
A trigger for this long could be a break above 48-49k or to take out liquidity below the recent low.
Let me know your opinion.
Red or green line?
Happy trading.