Let’s do the point ! // Update #14.4

I said that we will gauge selling pressure around $30,800 – $31,500, we directly rejected the area :

Acceleration also started, not to the spring area bottom like I said, yet, but I bet for a hard monday. Low probability to see it happen during the weekend.

Confirming that, we can see lateralization now on daily timeframe . Lateralization is in favor of continuation so we have now everything aligned to see a deeper bottom, and I expect it soon. In a global view, we stay in the same dynamic in this cycle which is : no consolidation ! Typical of a spring .

The only bull scenario that I see here is the range exploit on hourly timeframe :

For that we need to see strong buyers on bottom of it to invalidate sellers. But it’s not even a bull expectation for the daily timeframe because it give a target in the broken support which bring us again in the initial scenario which is : pullback into deeper bottom.

So I’m sorry for my bullish friends but I’m still waiting the bottom.

Like, follow or comment if you like, it give me some strength to continue !