On the daily we have a large hidden bearish
divergence. A hidden bearish
divergence of this length is rarely wrong. We have bounced completely off both the bearish trend line
and closed below it, we have also fell back through FIB retracement line .382 which is a important line to break. We are seeing bearish
signs in MACD
in 4 hr
and several different bearish
divergences. Anyone calling this a bull run is crazy, we are definitely still very bearish
and this temp rally back towards 11k is probably going to meet with a huge refusal and a further drop lower. We should be looking at a large drop soon.
Keep a level head guys!