It's possibly going to shakeout weak hands if there are any left (scale/volume of shakeout will depend on how many there are), then it'll flat/push through resistance and markup. You got enough weakness on chart from mid-may. Retest 29k is pretty possible which corresponds with January 2021 preliminary supply and there you have 29th january bull bar (32k-39k).
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btw today we've got no demand on chartComment
that bar alsoComment
i knew something wasn't right when justin sun twitted about acquisition 36,868. Now it is confirmed as expected, just remember what Wyckoff said about the news, chart shows everything you need. News are waste of time and effort. News can't be the reason of trade.Comment
one more if you're doubt it is bullish overall. That weekly widespread downbar on ultra high volume almost as big as in march 2020. Juicy.
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