Do bears really think it'll be that easy? I think we're seeing a mini-$6K again with $10K as support. We'll get a few bounces making a descending triangle that takes us to $6K as the new "bottom" and $10K becomes the new $6K. This is the scenario that takes us there.
I'm only 60/40 leaning bearish slight short term, full-blown bull long-term. I expect healthy downside, but whales won't make it easy, and will dangle the short carrot all the way down in a slow, controlled-decent with lots of altcoin trades in between.
Bullish scenario is included, but I give only a 20% chance of first green arrow, 30% chance of second green arrow, and 50% chance of breaking lower.
I'm only 60/40 leaning bearish slight short term, full-blown bull long-term. I expect healthy downside, but whales won't make it easy, and will dangle the short carrot all the way down in a slow, controlled-decent with lots of altcoin trades in between.
Bullish scenario is included, but I give only a 20% chance of first green arrow, 30% chance of second green arrow, and 50% chance of breaking lower.
CoinChartist is run by Tony "The Bull" Severino, CMT, a technical analyst fascinated w/ Elliott Wave Principle, Hurst Cycle Theory, W.D. Gann, Japanese Candlesticks, & other classical charting methods. Visit coinchartist.io for free TA education!
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.
CoinChartist is run by Tony "The Bull" Severino, CMT, a technical analyst fascinated w/ Elliott Wave Principle, Hurst Cycle Theory, W.D. Gann, Japanese Candlesticks, & other classical charting methods. Visit coinchartist.io for free TA education!
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.