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.
Nota
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.
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Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.