What's up Traders!
We are very close to a psychological number - 8000$. As we can see from the chart the first break out attempt was unsuccessful. Bears stepped in producing nice bearish Pin OB with high volume. Market dropped down to a near-term support that is also another psychological number - 7000$. Then bulls bought it back aggressively and we are now really close to a bearish territory again!
This spot is really important to watch in our opinion. If bears win we would possibly get double top here if not then break out and retest would apply.
What are your ideas?
Are you bullish or bearish?
Enjoy the ride!
Follow Prosperous Traders
We are very close to a psychological number - 8000$. As we can see from the chart the first break out attempt was unsuccessful. Bears stepped in producing nice bearish Pin OB with high volume. Market dropped down to a near-term support that is also another psychological number - 7000$. Then bulls bought it back aggressively and we are now really close to a bearish territory again!
This spot is really important to watch in our opinion. If bears win we would possibly get double top here if not then break out and retest would apply.
What are your ideas?
Are you bullish or bearish?
Enjoy the ride!
Follow Prosperous Traders
