UPDATES HAVE BEEN PRETTY MUCH PERFECT RECENTLY SO LETS HOPE THEY CONTINUE.
WE HAVE SEEN A REJECTION HERE AS PREDICTED AND LIKELY SEE A CONTINUED PUSH DOWN TO $33.5K WHERE WE WILL EITHER BOUNCE HARD OR SINK BACK TO AROUND $32.3K.
THIS IS A CRITICAL POINT IF WE LOSE THIS THEN IT IS A VERY BEARISH SIGN.
IF WE BOUNCE AT $33.5K THEN WE WILL RETEST A BREAKOUT OF THIS TRIANGLE. IF WE DO THEN IT WILL BE A VERY BULLISH SIGN.
PLEASE NOTE WE ARE BEING REJECTED AND U.S IS COMING ONLINE SO WE WILL LIKELY SEE A FURTHER SELL OFF WHICH SUPPORTS THE PATH TO $33.5K IN THE SHORT TERM.
TRADING WISE - SHORT UNTIL $33.5K. EXIT TRADES AT THIS POINT AS IT CAN GO ANY WAY.
BREAK DOWN FOR $33.5K THEN SHORT TO $32.4K BOUNCE AND THEN LONG TO $34.7K AND SECOND TARGET OF $36.3K.
