It can be the final exist of bears
Greetings everyone,
Long time to post my opinion on Bitcoin as I was watching on those scenarios that seem valid at the moment.
The fake-out we call:
The long-term picture:
*
When one cycle is near its end, the price action is a consolidation with existing dumps from bears.
This is exactly what I am seeing at the moment.
I believe we will stay in this range for a long time.
I am expecting one pump before seeing the 25ks area.
If to be honest, I see a lot of manipulation,
meaning we can see crashing below this area with long shadows
in candles and to be a fake price action (Area of bears exit).
Head a shoulder in process for BTC and for this, I am expecting one
more upside before more correction.
I will hold this scenario and I will update when I think is necessary.
Your comments and a possible like in our TA will be always appreciated.
I am waiting for you to discuss anything connected with cryptocurrencies and the crypto industry. :)
Have everyone a nice day ahead!
Long time to post my opinion on Bitcoin as I was watching on those scenarios that seem valid at the moment.
The fake-out we call:
The long-term picture:
*
When one cycle is near its end, the price action is a consolidation with existing dumps from bears.
This is exactly what I am seeing at the moment.
I believe we will stay in this range for a long time.
I am expecting one pump before seeing the 25ks area.
If to be honest, I see a lot of manipulation,
meaning we can see crashing below this area with long shadows
in candles and to be a fake price action (Area of bears exit).
Head a shoulder in process for BTC and for this, I am expecting one
more upside before more correction.
I will hold this scenario and I will update when I think is necessary.
Your comments and a possible like in our TA will be always appreciated.
I am waiting for you to discuss anything connected with cryptocurrencies and the crypto industry. :)
Have everyone a nice day ahead!
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