Just a quick post. The market structure on the daily chart is very close to changing to a bearish trend. I want to wait until the daily close tomorrow to post the weekly update. If this past week’s lowest low is broken I’m looking for prices to wick down to $52k-$54k. I posted last Tuesday an update about the midterm cyclical peak being around mid-November. That was paired with bearish divergence on the daily chart. The weekly and monthly structure is still bullish and early December is looking to be the cyclical bottom.
Be careful in short-term bullish positions. It’s a safer idea to focus on adding to long-term positions at lower supports.
As always...thank you very much...🙏🏽🙏🏽🙏🏽& good luck...🤞🏽🤞🏽🤞🏽