Well, there are many indicators that show that we are going to bounce..
- sma200 ema200 on 4h
- fear index extreemly low
- some other indicators show that we are at the lowest point such as rsi..
- also we didnt have pull back yet (to prepare for next drop if there is going to be any?)
- we sliced the cloud downwards on hourly, but now need to test it out again (pull back)
*** and more...
but all these indicators aren't a must, especially if we are going to see long red weekly dildos, sure small consolidation/pullBack is nice to have, but dont forget that there are also a lot of indicators showing that we can continue going down..
This is why for those who shorted with me, I told to take some profits (15% at-list), and to move SLs to a profit area.. but Im not done shorting, Im still in both positions, and I still believe we are going to meet at-list 2 of my TPs: 10300, 9450, 8450- (from my perspective these are much more probable then going back to 11k+ atm....
but as I said that everything is just probabilities, we cant always catch the edges, and we cant always catch the right direction, thus all who did short so far I would recomand to keep at profit levels and hold positions until either TPs/SL hit or until we have confirmation for drastic market change, those who aren't in position should wait for a better position (I think a closing candle today or weekly should tell direction) - never rush a trade because this is how you lose money.. those who want to try to long this falling knife are welcome but dont risk too much, keep it safe trading.