Yuuur,
As you can see in the title, I am taking a breaking from all the positivity and hopium of my last posts just to give us all a warning:
PRICE CAN STILL GO LOWER
I have been saying this in all of my previous posts, but this time I decided to show you what I mean.
The green box is the PT for the Second Wave of this bull cycle. As you can see we got in it, we touched its bottom and then used it as support.
The problem is that the news about the Crypto Reserve created confusion to this all and we need to be careful with it.
The blue path is my bullish thesis that W2 is completed.
The yellow path is in case W2 is not completed yet.
- I am just being cautions since the beginning of a new trend is always filled with uncertainty and in this case we got this retracement from the news that could be an ABC or it could be a 5 wave retracement.
So be careful out there.
As always, we have to remind ourselves that we are mere observers of the market.
As you can see in the title, I am taking a breaking from all the positivity and hopium of my last posts just to give us all a warning:
PRICE CAN STILL GO LOWER
I have been saying this in all of my previous posts, but this time I decided to show you what I mean.
The green box is the PT for the Second Wave of this bull cycle. As you can see we got in it, we touched its bottom and then used it as support.
The problem is that the news about the Crypto Reserve created confusion to this all and we need to be careful with it.
The blue path is my bullish thesis that W2 is completed.
The yellow path is in case W2 is not completed yet.
- I am just being cautions since the beginning of a new trend is always filled with uncertainty and in this case we got this retracement from the news that could be an ABC or it could be a 5 wave retracement.
So be careful out there.
As always, we have to remind ourselves that we are mere observers of the market.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.