Just when you thought the bulls had capitulated...
A modified version of my previous idea, with the new pivot point taken into account
Buy Zone 1 is the support we just built, Buy Zone 2 is just shy of a 61.8 retracement and Buy Zone 3 represents monthly close support
Highest probability of just tagging Buy Zone 1 since previous 4-hr was a bullish engulfing hammer and a measured move from the current pivot low to 42k would take us just above the 200 ema on the daily which is the REAL resistance the bulls have to worry about
Shorts about to get SQUEEZED some more
Buy Zone 1 is the support we just built, Buy Zone 2 is just shy of a 61.8 retracement and Buy Zone 3 represents monthly close support
Highest probability of just tagging Buy Zone 1 since previous 4-hr was a bullish engulfing hammer and a measured move from the current pivot low to 42k would take us just above the 200 ema on the daily which is the REAL resistance the bulls have to worry about
Shorts about to get SQUEEZED some more
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