Still that 41k level... But is this time different?
That 41k level has been quite special for the bears. Imagine if that breaks.
If the recent strong rally is a bull trap, we shall know real soon. I don't think it is but the market has its own mind.
I am expecting another crack at 41k after this pullback, we'll know how the market decides then.
A proper bull leg should take us to the 47k levels which is the 50% retracement of the entire bear leg from ATH .
47k is a key technical level for me insofar as this bull cycle goes.
If the recent strong rally is a bull trap, we shall know real soon. I don't think it is but the market has its own mind.
I am expecting another crack at 41k after this pullback, we'll know how the market decides then.
A proper bull leg should take us to the 47k levels which is the 50% retracement of the entire bear leg from ATH .
47k is a key technical level for me insofar as this bull cycle goes.
Note
We just got that re-test of 41k level after a brief pullback. Follow through buying and break higher next? Or are we going for another leg lower? I think the momentum's still on the bulls' side...
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.