Are the bulls back?
Atualizado
Rejection at 47K may see the end of this down move. Question is for how long.
Thoughts
* Shorts are covering after significant deleveraging and downward pressure. (increasing short term supply)
* Longs are buying the dips and moving coins into storage. (lowering short term supply)
I'm of the opinion we are back to testing the highs by early to mid may. The speed of the recovery may well determin if this was a small dip on the road to new all time highs.
Thoughts
* Shorts are covering after significant deleveraging and downward pressure. (increasing short term supply)
* Longs are buying the dips and moving coins into storage. (lowering short term supply)
I'm of the opinion we are back to testing the highs by early to mid may. The speed of the recovery may well determin if this was a small dip on the road to new all time highs.
Trade ativo
Its in the zone now, consolidating nicely, with key support levels holding from long term and short term trends.Trade ativo
assuming inverse head and shoulders on the 8hr timeframe, it would provide a target of approx 66k. In the ballpark of the original estimate
Aviso legal
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