This is an inverse Bitcoin chart. It's helpful sometimes to clear your bias if you've been shorting for a long time. A close below (on the inverse remember) 7300 for the week would be very bearish . Next target would be 8500 and presumably 9150 at which point we reach our previous failure and who knows what will happen there. Good place to take profits.
Kommentera:
I just want to add that the safe bet is on continuation of trend. The best value area is at 5300 and lower.
Kommentera:
(Inverse) Wicked back to test the weekly. This is a good spot for a short at 7150 with a close stop above the high.
Kommentera:
Probability is relatively low, but it's low risk and high reward.