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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.
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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.
![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2FNiA0VCo.jpg&t=665&c=_gYLZNpTEgYtcw)
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.
![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2F8lgKUjc.jpg&t=665&c=bG-z4FHUkJnKzQ)
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
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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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