Now What? Sideways to bulltrap. Then the real price drop on late Feb 17 as predicted with a bull trap while you sleep (see previous chart below).
They couldn't wait to hit the resistance, so close enough! "Gee me my money! I wuv America!" (chill out. I'm asian) So ... it is time for Asian invasion. Beware ... may be sideways calmness - then possibly a bull trap - before we take more! Prepare now, you no lose money.
Buy Range: 8,000-8,600
- Chow son
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It may be unlikely - a retest of the low at 6K. But don't underestimate the cleverness of the creators - the bars in which you reason your analysis. For what you thought was no resistance, may be a surprise to come. Ellen say buy (wish Cindy Crawford). So they come buy with tax returns soon. But not yet. soon.
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Someone brought to my attention that I stated the wrong date for testing resistance. I drew it right, but the date should and is pointing to next weekend like Feb 23rd. Sorry for the wrong date. Sideways development will take a week to develop.