Could be a super red day judging by price action so far, if we don’t see a bounce around this level, the next stop is $500 in the short term. Japans Nikkei 225 closed earlier this morning down 12.4% which is the worst since 1987 due to worries of the US possibly entering a recession. This is big stuff here guys, the market could be in a downtrend for a significant amount of time if something doesn’t change. I don’t see it holding any significant bounce in the zone we’re in now, so I am assuming we make our way down to $500 and below soon, we shall see. Premiums are probably going to be high, and there may be a lot of panic selling at open, remains to be seen. Good luck today my friends.

I like this as a long position here, we broke those previous highs. If price can hold here, gonna take a long. Watch closely!