OK, so to be clear in order for us to be officially in the bear market we need to create a double top on the weekly. A double top where the second peak breaks and fakes out the high of the first peak. (I will update when that actually happens).
I appear to have been calling the short a little early. We are now about to begin the final bull move before a huge short.
As I said previously on my bitcoin idea, price retraced, now is an opportunity to load up for the final bull run.
ENTRY: 50-55k , SL: 47k, TARGET: 80-100k
On the chart I have circled what we expect to happen, this is the second leg of this move and it should be veyr similar to this price action in here.
I appear to have been calling the short a little early. We are now about to begin the final bull move before a huge short.
As I said previously on my bitcoin idea, price retraced, now is an opportunity to load up for the final bull run.
ENTRY: 50-55k , SL: 47k, TARGET: 80-100k
On the chart I have circled what we expect to happen, this is the second leg of this move and it should be veyr similar to this price action in here.
Comment:
If price keeps breaking lower then it means I was originally correct about the big short move down to 15k. If it has a strong move up this week then the bull run does it's final move higher.