This is an updated Idea from yesterday Bearish: 1)Reversal of uptrend from 0.618 Fib line at 45,409 2)Loss of Bullish Trend Line
Bullish: 1)Golden Cross Formation of the EMA 50 over 200
New trend: Look for double Bottom Support off of previous Buyer Support Zone to start new uptrend IF support isn't found look for a deeper pullback to previous support levels around 36,500
Catalysts: Several Crypto Themed Superbowl ads for the weekend of Feb 13 are slated to run - This new uptrend could be the market pricing in these ads - Watch for a possible selloff during the Superbowl if the market has priced in the catalyst already
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