Im Wall Observer gibt es den ein oder anderen gut begründeten Posts. Oft mit Bildern hinterlegt.
Laut dem hier könnte es nochmal auf 50k runtergehen. Dann bitte aber schnell wieder hoch und höher.
Laut dem hier könnte es nochmal auf 50k runtergehen. Dann bitte aber schnell wieder hoch und höher.
Quick overview of price action; on the 4hr, the bears remain in control by creating lower highs as well as trapping bulls at higher prices:
On one short-term view of the Daily chart, there is a a key support trend-line that price will need to bounce from to remain bullish in the short-term:
Zooming out a bit further on the same time-frame and it becomes clear we are at key accumulation/distribution level from the past 9 months of trading:
While this week's candle turns bearish, the short-term and mid-term MAs continue to rise in bullish fashion and formation, highlighting the next level of support:
The 21 MA, that price previously found support from at $40K, is now at $51K and continues to rise, while the 50 Week MA is at $47K. Breaking the support trend-line on the Daily and making new local lows would likely lead to a further correction to $49-51K level. While the shorter time-frames remain bearish, the mid-term (Daily) remains relatively neutral and longer-term (Weekly) remains fully bullish above all it's MAs.
Given the amount of fear and uncertainty in the market based on the shorter-term price action, I wouldn't be surprised to see price wick down to re-test $50K, similar how to $40K was re-tested.
On one short-term view of the Daily chart, there is a a key support trend-line that price will need to bounce from to remain bullish in the short-term:
Zooming out a bit further on the same time-frame and it becomes clear we are at key accumulation/distribution level from the past 9 months of trading:
While this week's candle turns bearish, the short-term and mid-term MAs continue to rise in bullish fashion and formation, highlighting the next level of support:
The 21 MA, that price previously found support from at $40K, is now at $51K and continues to rise, while the 50 Week MA is at $47K. Breaking the support trend-line on the Daily and making new local lows would likely lead to a further correction to $49-51K level. While the shorter time-frames remain bearish, the mid-term (Daily) remains relatively neutral and longer-term (Weekly) remains fully bullish above all it's MAs.
Given the amount of fear and uncertainty in the market based on the shorter-term price action, I wouldn't be surprised to see price wick down to re-test $50K, similar how to $40K was re-tested.