Despite the ample bearish signals in my last two ideas there are some larger time-frame bullish signals as well (not mentioned here, but others have done a great job pointing them out on their ideas).
If we hold $45K range and trend sideways and break overhead resistance we're likely off to another pump. 200D MA could act as support and we're in a heavy volume cluster here which could provide more support as well.
But, given what I've said in my last two posts I'm trading very cautiously now. No perma-bull here, I live in the real world, and in the real world inflation is and will decimate household spending and financial markets likely as soon as 2022.
Just playing Devil's advocate to myself. Markets always surprise.....
If we hold $45K range and trend sideways and break overhead resistance we're likely off to another pump. 200D MA could act as support and we're in a heavy volume cluster here which could provide more support as well.
But, given what I've said in my last two posts I'm trading very cautiously now. No perma-bull here, I live in the real world, and in the real world inflation is and will decimate household spending and financial markets likely as soon as 2022.
Just playing Devil's advocate to myself. Markets always surprise.....
