we are looking at a possible correction down to 10100-10350. the macD is trending down on the 1 hour and 4 hour. We have broken the long lasting blue trend line. I am not expecting this to be the top, just a small move to 10100-10350 before rallying above 11k. If it breaks below the 1 hour Ichimoku cloud at 10100, I will become a bear and speculate 10900 was the swing high. My longer term view is still bearish, but my short term view is bullish ATM. Like my last post predicting this current run up, I have not changed my view on being bearish. I am still expecting 8k's and 7k's to hit this year. I will change my point of view from bear to bull when 13.2k price breaks. I believe it's a big speculation to think it will reach that high and break above. So, if it were to do such a thing.. it'd be a VERY bullish move and many traders and fomo'ers will start buying. We would easily reach the 14k top, and most likely break above to 16k. 14k is pretty critical atm, and breaking above it.. I will be expecting 20k+ which sounds too good to be true, so it most likely is. Taking that into consideration and the over all structure of this market atm, It's bearish. Everyone should expect lower prices in the next few months. Only scalp these next moves.
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