adevx

adevx

Against a bearish macro-economic backdrop a significant correction is in the cards. A short bounce could easily be followed with full capitulation. This scenario is based on the confluence of various events, the Mt Gox payout, the war in Ukraine and the heightened tensions between the US and China, coupled with supply chain disruptions and an energy crisis.

adevx

If the channel continues up, expect correction at 10840

adevx

This can easily be invalidated, but I expect the price to follow this narrow channel for the coming hours.

adevx

This is my idea for a very short term price action in side the channel.