good time to short when we saw the priceaction break under the neckline with a noticeable surge of bearish volume. the eve trendline's trajectory has been pushed to the right significantly due to this and for now will still be able to reach the double bottom neckline by May 13th but only if we don't see further downside. If we do see further downside I anticipate the rebound support will be found at the 4hr charts 200ma line (shown here in blue). We may possibly throw a bearwick just below it at 9200 but I anticipate the candlebody's support will be found at the 200ma. If we dip further we also will most likely have to push the date of the eveline's connvergence with the double bottom neckline back further as well. I only expect to be short temporarily but I'll be prepared to ladder out more if the opposite of my expectations occur. you make your own decisions however for financial advise this isn't and your advisor I am not. Good luck and thanks for reading.
Uwaga
there is a 200+ coin buy wall of support on gdax. It's been there all day and possibly longer than that so it is very likely not some sort of fake/spoof and most likely legit. So i think we have found our support zone and hopefully so as we will still be able to form a higher low from that range.
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