What a wonderful price action. Exactly how I wanted to see it. Unfortunately price didn’t hit my short order at 49k by a couple hundred dollars.
I’ve set 2 white lines to the downside.
Line 1 is the technical target I case price is going to play out like a bearflag.
Line 2 is the technical target from the head and shoulders formed earlier.
I see some levels where we might see some bounces. We did just liquidate new lows so there could be room for some upside already.
I’m still not taking any longs.
Let’s see what happens, hope it will crash as hard as possible so the real buy orders can be filled.