I'll concede that BTC can have a bounce here but what I want to emphasize the most is that while BTC may rise from here, it still is locked in a Bearish Flag Pattern.
Markets never bow to exactly what you anticipate and will drag things out long enough so you forget about it.
Everyone was talking about yield inversions two weeks ago, now it's old news. Well, sadly reality doesn't forget.
Just like now, many are bearish at the bottom (Including me) but markets will soon make everyone second guess. THEN, it makes the move that was obvious before, and it is not until after the fact you realize it was so obvious.
This is called Hindsight Bias.
It is also BTC's favorite time to pump which is the End of The Month.
Invalidation will be an early breakdown from the channel and would illude to my first perspective.
One or the other is going to play out. This I'm very confident on.
Both reach the same conclusion and target.
While my original analysis still holds true, I am open to not timing it perfectly. Timing the market is impossible. I encourage anyone to check out that post because I explain why this is very likely to play out.
Hope this helps!
Markets never bow to exactly what you anticipate and will drag things out long enough so you forget about it.
Everyone was talking about yield inversions two weeks ago, now it's old news. Well, sadly reality doesn't forget.
Just like now, many are bearish at the bottom (Including me) but markets will soon make everyone second guess. THEN, it makes the move that was obvious before, and it is not until after the fact you realize it was so obvious.
This is called Hindsight Bias.
It is also BTC's favorite time to pump which is the End of The Month.
Invalidation will be an early breakdown from the channel and would illude to my first perspective.
One or the other is going to play out. This I'm very confident on.
Both reach the same conclusion and target.
While my original analysis still holds true, I am open to not timing it perfectly. Timing the market is impossible. I encourage anyone to check out that post because I explain why this is very likely to play out.
Hope this helps!