This is a very basic and general idea about what we had as a resistant and support level between the $20k to $69k. Desipite of everyone is mentioning that bear is finished and we will have new ATH or this is just bull trap, you can find yourself a pretty good simple technical analysis of what level we should pass. At worst case scenario we need to at least reach a 0.5 Fib to say that we have retracement of crash and ready for the next one. Best case scenario starts when we pass 0.786.
If we pass that level then I will be joining everyone to watch the market for better market.
ANYTHING IS POSSIBLE, AND TECHNICAL ANALYSIS IS TO FIND THE POSSIBILITIES.
While macro economy is not well I do not see a reason to be bullish for new ATH but we can be cheerful for a nice retracement.
If we pass that level then I will be joining everyone to watch the market for better market.
ANYTHING IS POSSIBLE, AND TECHNICAL ANALYSIS IS TO FIND THE POSSIBILITIES.
While macro economy is not well I do not see a reason to be bullish for new ATH but we can be cheerful for a nice retracement.
Mehran