Both ups and downs have been showing us that current price structure is still in lack of opportunity as there is still the uncertainty dominating the market right now.
In overall, the shape is still ranging and the ups and downs movement doesn't show us any necessary take on current structure.
There are also the trend lines analysis on current charting which there are similarities. All of them have been broken out!
There is a wick to wick broken resistance trend line and also we want to cover the body to body broken resistance trend line. The wick to wick broken resistance trend line is way more conservative approach which the result could send the price lower as the representation of the retesting previous broken resistance as a support.
If this wick to wick connecting method is valid, we can see some more liquidation movement toward the area of $15000 range as the next key level and it looks like with the progressing lower high structure, the possibility is huge.
For all our holding bags, it's absolutely a good time to accumulate more and more even if it is progressing lower, we can get more of the discount price. But for short term, we have to step back to avoid getting liquidated.
In overall, the shape is still ranging and the ups and downs movement doesn't show us any necessary take on current structure.
There are also the trend lines analysis on current charting which there are similarities. All of them have been broken out!
There is a wick to wick broken resistance trend line and also we want to cover the body to body broken resistance trend line. The wick to wick broken resistance trend line is way more conservative approach which the result could send the price lower as the representation of the retesting previous broken resistance as a support.
If this wick to wick connecting method is valid, we can see some more liquidation movement toward the area of $15000 range as the next key level and it looks like with the progressing lower high structure, the possibility is huge.
For all our holding bags, it's absolutely a good time to accumulate more and more even if it is progressing lower, we can get more of the discount price. But for short term, we have to step back to avoid getting liquidated.
