My med term view are still prices around 6K/4K since we broke the 9400 a few weeks ago, that has not changed! For now i think price will go to a max of 9400/9800, but it's really difficult to predict upfront.
For now there are just many mixed signals, the of my previous few analysis still holds as long as we stay below the 9200. But looking back at the 11.700 when we dropped out the and than still made that rally above the , means that prices below 9400 could still feel weight from that .
If your flat now, my best advice is stay out and enjoy some free time this weekend. If you do something, keep it small. Usually price goes sideways during weekends, confusing both sides. You don't want to get caught in that web!
When we made the rally from 7250 i was hoping for a clear towards 9200/9800, but i got confused because of that sideways action around 8200/8700. When we got above the 9000 i started to see some hesitation and that's why i took on a short position, knowing we could break the 8K again and go much lower or that it's just a correction of the rally. Up till now still no real answer.
Many people have asked me about that bigger on the 1H chart, i won't be trading it. Not now at least, i don't like that type of at all, the right shoulder is to low and almost predicting it's to weak to reach it's real target. So even if we break it, i think it will be a big bull trap and that it wont reach it's target, maybe halfway
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But now as the market much bigger than a year ago, things have changed allot. Much more whales (like hedge funds) that have entered the market because they smell easy money. But the meaning of some TA patterns starts to change than, the driving force behind a certain pattern is not the same as it was a half year ago. And it's just exactly this what most people just don't understand or probably don't even know. The market has changed, the buyers and sellers are not the same people we had a year ago.
Think about that, but please don't listen to me alone, it's not like i have all the knowledge and answers. Just think about it objectively and with common sense
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