Currently it is facing high resistance and here market will do a small upward move to liquidate all short position and also will do a breakout trap. Then we will see a wave down as per mentioned in the chart.
After that an impulsive move will come up to $50K level to do a bull trap and then again 1 more leg down below $30K as mentioned in the chart. So this is the highly possible next move of the market.
After that an impulsive move will come up to $50K level to do a bull trap and then again 1 more leg down below $30K as mentioned in the chart. So this is the highly possible next move of the market.
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