MACD Down
Good chance of large wave down to 6 or even 5K [on a capitulation spike down]. Bullish bears are in a comfortable position here as the odds are lower. Even if price reverses upward, they certainly don't need to think about buying until the 200 MDA is crossed.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.