0.61 fib and 4 hour 200 ema acting as resistance. Expecting some pull back and potentially even another dump. We still have Iran retaliation looming over the markets. This was a hot pump. Well what goes up usually has to come down. Expect hot doodoo to fall on the bulls heads.
Target- 52k
Trade active
still short nothing has changed lots of volatility but we still painted a lower high.
Note
have to be really careful. Expecting at least a drop to 55k. But 52k and worst case 42-45k is on the table especially with iran and israel. That will be a good spot to buy.
Note
I think the best bull case here is a drop to 45k with a bullish div. Pump and short squeeze to 100k. There are lots of shorts sitting around 73-75k ripe for the taking.
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.