so what would happen?
this is just a quick idea. it should be noted that there is big difference between predicting the price and analyzing the price. if you are looking for a prediction, well you got me wrong; but if we are going to analyze the price action, then you should know that we are dealing with probabilities here.
right know i think the price is at a decision point and frankly, bulls and bears are at a stand still. in case of a break up, we might see some levels beyond 20000 and in case of a break down, i think mid 17 area would be our destination.
so if you are without a position right now, i wouldn't advise to get in before getting a confirmation either way, if you are long, just set your stop loss where you feel comfortable and enjoy your coffee (i would't advise whisky during trading hours ;-) )
if you are short, i don;t have anything to say to you ;-))
right know i think the price is at a decision point and frankly, bulls and bears are at a stand still. in case of a break up, we might see some levels beyond 20000 and in case of a break down, i think mid 17 area would be our destination.
so if you are without a position right now, i wouldn't advise to get in before getting a confirmation either way, if you are long, just set your stop loss where you feel comfortable and enjoy your coffee (i would't advise whisky during trading hours ;-) )
if you are short, i don;t have anything to say to you ;-))
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