I think it is possible to have one from 6K but it will probably not be a big one - probably going to about 7.5K? I would love it if the trend reverses at 6K but am more of a skeptic it will happen. We have more support at 4K, so that area might be more difficult for the bears to go through. If we fall to 4K or less, I might begin laddering in - for the moment I am just watching most of the time.
Any bounce from $6,000 ?
I think it is possible to have one from 6K but it will probably not be a big one - probably going to about 7.5K? I would love it if the trend reverses at 6K but am more of a skeptic it will happen. We have more support at 4K, so that area might be more difficult for the bears to go through. If we fall to 4K or less, I might begin laddering in - for the moment I am just watching most of the time.
Hopefully price will bounce soon.