This morning we published a post for all subscribers and asked them to manage their risk:
And what happend today? It dived straight into the 420 USD area - too early and too fast.
Looking at the latest 4 hour outlook it's oversold now. Tomorrow we'll see if we will dive deeper or if it will recover to the 430 USD level:
Looking at the latest 4 hour chart we can see an oversold state, too. The maximum at the moment would be 348. But there is no support line in sight to the downside:
Now we can see a clear negative resistance line coming from 360 and going to 350 USD. There's no safety net to the downside, too:
Again. Not the best time to be bullish. Therefore: manage your risk!