ALL TIME HIGH, What's now?
From a barely technical point of view, the bullish force should continue around 81.2K, on the weekly bias, before starting the drawdown.
Meanwhile, the last monthly target is over 86K, according to the Fibonacci retracement.
From a bearish lookout, the previously identified buy zone, around 34-35k, is even more confirmed by the fibonacci weekly last-take profits. Anyways, this zone is very liquid zone, left behind since last year.
The daily tf shows a strong bullish pattern. Fibonacci's last targets were taken on Sunday 10th. The bearish movement instead expires at 62K-61K, which also coincides with the Liquidation heatmap target. This map shows tons of positions between 75 and 72K.
Before running to the last take profits, I aspect a drawdown around this area for the previous reasons. The 0.618 is at 71.3K and the 0.5 is at 72K.
Meanwhile, the last monthly target is over 86K, according to the Fibonacci retracement.
From a bearish lookout, the previously identified buy zone, around 34-35k, is even more confirmed by the fibonacci weekly last-take profits. Anyways, this zone is very liquid zone, left behind since last year.
The daily tf shows a strong bullish pattern. Fibonacci's last targets were taken on Sunday 10th. The bearish movement instead expires at 62K-61K, which also coincides with the Liquidation heatmap target. This map shows tons of positions between 75 and 72K.
Before running to the last take profits, I aspect a drawdown around this area for the previous reasons. The 0.618 is at 71.3K and the 0.5 is at 72K.
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