Hee Everyone!! :)
There is being formed a Hanging Man what is a bearish indicator for some downtrend coming in. What will this lead us to?
The bearish scenario would be to meet our old support of 6500/6000. This would be a healthy correction and it could be the last accumulation phase before the bull market starts. If this support gets broken we will see the support on the 5550/5000 region, what won't break in my opinion.
The bullish outcome would be to break the 8400 region what leads us to 9600 as our next target.
I'm still overall bearish because for a healthy market we need to see this correction for btc what would turn me into a bull afterwards.
Stay Tuned for updates!
- Hans / Plaxidoeda
There is being formed a Hanging Man what is a bearish indicator for some downtrend coming in. What will this lead us to?
The bearish scenario would be to meet our old support of 6500/6000. This would be a healthy correction and it could be the last accumulation phase before the bull market starts. If this support gets broken we will see the support on the 5550/5000 region, what won't break in my opinion.
The bullish outcome would be to break the 8400 region what leads us to 9600 as our next target.
I'm still overall bearish because for a healthy market we need to see this correction for btc what would turn me into a bull afterwards.
Stay Tuned for updates!
- Hans / Plaxidoeda