this is the monthly chart, blue zone is the monthly orderblock.normal we expect buyers to get in there and there should be a bounce....
bounce is very weak so not really positive, candle closes in 8 days, positive would be if the candle closes above that zone.
this is the weekly chart, red zone is the weekly orderblock.
light bounce of the equilibrium (50% of that zone, yellow line) would be positive if that candle sunday closes above that zone.
dailey chart, here we see that the price doesn't bounce to hard of that zone, so not very positive.
next level where to expect a reaction would be 3K, level that will also be anticipated by many traders imo, there i expect much buying intrest.
but even now if the price would pullback towards 5.5K i wouldn't see it to be bullish, and even a possibility for traders to short ( i never short to much HEART of the BULL in me )
bullish would be break through 6K and retest.
white would be bullish, but from when break through that grey zone.
red scenario's or much more likely @the moment imo, white 20%chance, scenario for first pullback and then drop 40% chance, and just dropping right now 40% chance.
something like that, that how i think its possibilty's... but could go sideways for a while as well.
end of the line its anyones guess
i wouldn't like it yo go under 3K, then i really hope for it to be with a capitulation candle that bounces real quick, i thought the price would already bounced a bit harder as it is, so i'm predominantly bearish shortterm.
but whatever we are not here to think short term ...... so who am i fooling
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