So, the price bounced from $30 000
We can say it like that, but it will be better to wait for the close price of the bullish candle.
How the market will move further?
1. We should be ready to see the correction movement upto the uptrend line and MAs.
2. If the US session doesn’t give us bullish sentiment within this week, we will see a new attempt to move below $30 000.
We stay in the bearish trend. The correction movement can be used for day and swing trading.
After the correction, we should be ready to see the continuation of the bearish trend.
We can say it like that, but it will be better to wait for the close price of the bullish candle.
How the market will move further?
1. We should be ready to see the correction movement upto the uptrend line and MAs.
2. If the US session doesn’t give us bullish sentiment within this week, we will see a new attempt to move below $30 000.
We stay in the bearish trend. The correction movement can be used for day and swing trading.
After the correction, we should be ready to see the continuation of the bearish trend.
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