The 12hr chart tells the tale. Support all the way up from 3k and now showing our first major signs of resistance.
Bears want to hold this level. We have spiked up to the next fib up and our short at 11k should play out nicely as the bearish trend is in our favor.
Volume decreasing as price is increasing is also very bearish.
Looking at 55 EMA 1 day retest around 9800.
Bears want to hold this level. We have spiked up to the next fib up and our short at 11k should play out nicely as the bearish trend is in our favor.
Volume decreasing as price is increasing is also very bearish.
Looking at 55 EMA 1 day retest around 9800.