Ok, so now what?
The failure to break above 
12K and the subsequent sell off weakens the near term bullish case.
The outlook near term is neutral, as long as price remains between 9k and 12k.
If support at 9k fails, a re-test of the lows at 6k is likely as a double top will be in place.
However, the longer term pattern is still bullish since the longer term moving averages are still moving up.
12K and the subsequent sell off weakens the near term bullish case.The outlook near term is neutral, as long as price remains between 9k and 12k.
If support at 9k fails, a re-test of the lows at 6k is likely as a double top will be in place.
However, the longer term pattern is still bullish since the longer term moving averages are still moving up.
כתב ויתור
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