After the Shooting Star we had on a weekly, and the continuation of this ending this week before a long weekend on the NYSE, I believe the short-position could play out well.
The bearish wedge formed has a measured move to a 30K; which is coincident with 2021 heavy support. If we can see a test of 28K to freak people out and a close (weekly basis) above 30K. The momentum may shift back. For now, I am bearish.
The bearish wedge formed has a measured move to a 30K; which is coincident with 2021 heavy support. If we can see a test of 28K to freak people out and a close (weekly basis) above 30K. The momentum may shift back. For now, I am bearish.
