What I see is we are making resistances that we blasted through in the bull market of 2018, now as resistances on the downtrend by forming double tops.
$11800 was one and we double topped a few weeks ago and it brought us down to 6.4k.
$9800 is the next one on the way down and we currently have not been able to cross it.
Target for this short will be $7500, and $7200.
If cross, I will open a long as I believe we will be on the road to $11700, and ~~$13800 by May or early June.
This bearish chart puts us at $7200-$7500 by end of May.
$11800 was one and we double topped a few weeks ago and it brought us down to 6.4k.
$9800 is the next one on the way down and we currently have not been able to cross it.
Target for this short will be $7500, and $7200.
If cross, I will open a long as I believe we will be on the road to $11700, and ~~$13800 by May or early June.
This bearish chart puts us at $7200-$7500 by end of May.