Reasons I'm bullish:
#1:Last time we had a "buy the dip" like this was back in May at 8100 IMO
#2: It's printing a bullish divergence on the 4 hour - higher low while PA made a lower high and has been finding a floor.
#3: The high range is still around 10700 - this zone would need to be flipped into support if
bulls want to regain 11k
#4: The entire market went from extreme greed to extreme fear (this is a buying opportunity for me)
#5: Whales seem to be accumulating this zone
REMINDER: THIS IS NOT FINANCIAL ADVISE, THESE ARE MY THOUGHTS AND IDEA'S PUT INTO TECHNICAL ANALYSIS SHARED FOR THE COMMUNITY.
(if a local bottom is near we should head back to the 10700 high range in coming days, will reevaluate there)
#1:Last time we had a "buy the dip" like this was back in May at 8100 IMO
#2: It's printing a bullish divergence on the 4 hour - higher low while PA made a lower high and has been finding a floor.
#3: The high range is still around 10700 - this zone would need to be flipped into support if
bulls want to regain 11k
#4: The entire market went from extreme greed to extreme fear (this is a buying opportunity for me)
#5: Whales seem to be accumulating this zone
REMINDER: THIS IS NOT FINANCIAL ADVISE, THESE ARE MY THOUGHTS AND IDEA'S PUT INTO TECHNICAL ANALYSIS SHARED FOR THE COMMUNITY.
(if a local bottom is near we should head back to the 10700 high range in coming days, will reevaluate there)