Attn: My bull scenario is much more likely: chart/BTCUSD/8awAtzEc-Bullish-trend-possible-if-we-break-8502-99/
Fake-out bear trap scenario:
RSI swing rejection at $7241.16 towards the new lower top of $12930.11
My bull scenario is much more likely:
Long term:
Bitcoin and blockchain sentiment uncertain but seemingly improving.
Altcoin prices starting to warm up from the crypto winter faster than expected as an indirect result.
A bullish pattern to the next lower top is a short term question of "when".
Fake-out bear trap scenario:
RSI swing rejection at $7241.16 towards the new lower top of $12930.11
My bull scenario is much more likely:
Long term:
Bitcoin and blockchain sentiment uncertain but seemingly improving.
Altcoin prices starting to warm up from the crypto winter faster than expected as an indirect result.
A bullish pattern to the next lower top is a short term question of "when".
Comment:
Now it might seem like we failed to find resistance at the 0.5 fibonacci area. We might be going down sooner than assumed.