Hey everyone. Bitcoin price action is telling me we could still reach up to around 10.5 k on this bounce. But it could be subdued now (not likely) or somewhere midway at around 9.6k.
Anyhow the downtrend channel is established and I can't see any way for the bearmarket to be over until we breakout from the last high downtrend line. Which at this time is at around 11k
Refer to chart of how I see it playing out.
Anyhow the downtrend channel is established and I can't see any way for the bearmarket to be over until we breakout from the last high downtrend line. Which at this time is at around 11k
Refer to chart of how I see it playing out.
Comment:
Seems to go according to plan. I'm out for the moment. A think an exhaustive haul both ways is possible for the next few months
Comment:
Can't believe how well this projection worked out. I'm short term long again on other crypto assets. Maybe I'll post some more ideas later..