Things of note on the possibility of a bearish break. 1. the asks are thick. 2.the news is still in play. 3. china is currently asleep which makes for a thin huobi orderbook. 4. It is friday... On the bullish side. 1. We dropped down quite low yesterday, and many are still hopeful/bullish. 2. we've still got rising support from being in a long term bull trend. Thats all i got...
I favor the Bears on this one, but either way I will wait till I can confirm profit.
I favor the Bears on this one, but either way I will wait till I can confirm profit.