After my last epic call on the ascending wedge pattern with the 4.2k level top call, I warned of a big hell candle and we did get a very big hell candle on the daily time frame.
This suggests that big players are still interested in shorting this market and expect to distribute more on perma fools.
With longs still over powering shorts, and the "We hit the bottom" calls on YouTube, crypto twitter, and your local palm reader, I can see us breaking down to the 3.4k level within the next few days. The 3.1 - 3.4k has been an easy long for bulls, just as 6k was the easiest long for close to a year ---- until it wasn't.
Short zone: 3900
TP: 3400
SL 3950
This suggests that big players are still interested in shorting this market and expect to distribute more on perma fools.
With longs still over powering shorts, and the "We hit the bottom" calls on YouTube, crypto twitter, and your local palm reader, I can see us breaking down to the 3.4k level within the next few days. The 3.1 - 3.4k has been an easy long for bulls, just as 6k was the easiest long for close to a year ---- until it wasn't.
Short zone: 3900
TP: 3400
SL 3950