Follow up to my previous chart
Based on my previous chart the Bear case played out almost perfectly.
We broke the $40K-
42K support, and tested the $30K support
So where to next?
Bull Case:
The $30K support holds, we chop around between $30K-$40K zone, then push higher
Bear Case:
The $30K support breaks, and we have a fast 30%-35% washout which will put us around $20K, then V-bottom with a strong bounce.
Based on my previous chart the Bear case played out almost perfectly.
We broke the $40K-
42K support, and tested the $30K supportSo where to next?
Bull Case:
The $30K support holds, we chop around between $30K-$40K zone, then push higher
Bear Case:
The $30K support breaks, and we have a fast 30%-35% washout which will put us around $20K, then V-bottom with a strong bounce.
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Related publications
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.