We broke support here last January, and then rebounded up

Totally within possibility that we could repeat last January. We are close however to breaking down lower, which would not bode well at this level. I would expect the entire market at that point to reconsider what is achievable in the near term.

FWIW and not financial advice. All the best.

Commentaire:

Unfortunately at this point, we are more biased to the downside headed towards 36k. I took the opportunity to take some losses and free up cash should we visit the lower trendline that we touched in July.

Commentaire:

And here we are - decision time... We knew that we were going to get a shake-out at some point... buckle in!