I don't think we finished ABC correction yet.
Bears are waiting to short. They just need more volume to cash their profits from last weeks gains.
Bears might be fooling Bulls today and tomorrow.
Be careful - don't believe what you see.
Notice the volume is going down on 1HR and every bulls attempt to push the price higher gets shorted right away.
We are not accepting higher price yet with good volume to back it up.
Possible Bulls will push the price to 9000 and test that zone again.
I expect the bears to sell and take profit on the gains from a few days ago.
I expect a complex ABC correction.
At some point we need to touch 100 MA on 1HR which is around 8250 Zone as of now.
Its not gonna be easy to break 10000.
Dont get your hopes up yet
We had 7 green Weekly candles, will we get 2 more?
Bears are waiting to short. They just need more volume to cash their profits from last weeks gains.
Bears might be fooling Bulls today and tomorrow.
Be careful - don't believe what you see.
Notice the volume is going down on 1HR and every bulls attempt to push the price higher gets shorted right away.
We are not accepting higher price yet with good volume to back it up.
Possible Bulls will push the price to 9000 and test that zone again.
I expect the bears to sell and take profit on the gains from a few days ago.
I expect a complex ABC correction.
At some point we need to touch 100 MA on 1HR which is around 8250 Zone as of now.
Its not gonna be easy to break 10000.
Dont get your hopes up yet
We had 7 green Weekly candles, will we get 2 more?