Well boys and girls we may have thought we were naughty with this year's impressive bull run and that Ol' St. Nick was bringing us coal.
Well perhaps he still is... But should he come to Crypto town this year I think based on last year's 20% run we could guess it would line up nicely with the next two fib lines giving us between 20-30%.
I think anything significantly more than that is really indicating a reversal to the current trend and would potentially give a continuation a good run.
I think it's pretty plausible we'll see a good run as we did recently set a new higher low resetting the RSI. I would be shocked if we saw a bullish continuation as this rally and the sideways market we can expect before the correction will make a pretty obvious head and shoulders.
Realistically we're probably looking at at setting a new higher low in January or February if we're to see another bullish cycle next year. Personally I think there will be another great year for crypto ahead of us though the cycle will be filled with regulatory drama at the very least.
Keep weary of breaking the neck line around that time.
Happy Holidays!
Not financial advice.
Well perhaps he still is... But should he come to Crypto town this year I think based on last year's 20% run we could guess it would line up nicely with the next two fib lines giving us between 20-30%.
I think anything significantly more than that is really indicating a reversal to the current trend and would potentially give a continuation a good run.
I think it's pretty plausible we'll see a good run as we did recently set a new higher low resetting the RSI. I would be shocked if we saw a bullish continuation as this rally and the sideways market we can expect before the correction will make a pretty obvious head and shoulders.
Realistically we're probably looking at at setting a new higher low in January or February if we're to see another bullish cycle next year. Personally I think there will be another great year for crypto ahead of us though the cycle will be filled with regulatory drama at the very least.
Keep weary of breaking the neck line around that time.
Happy Holidays!
Not financial advice.