35k seems to be of significance, price could see a rally off here but nothing too dramatic. I haven’t seen any signs of a reversal yet.
I’m macro bullish but that doesn’t mean I can’t short the correction and buy back at a lower price. Looking at the charts, next week could get very interesting, one more sharp decline in price could put a lot of fear into the market. Price has been moving sideways for the better part of this month, that increases the possibility of price movements in a specific direction next month. Which direction might that be? As I’ve been stating for quite a while now, I’m on the short side on an intraday basis.
I’ll try and give a higher timeframe breakdown, this should give more details on how I formulated my idea.
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