hi everyone
i started with the bitcoin chart because its still the big dog on the block and where bitcoin goes, the majority of alts follow
from the guy who told you to buy ether below $200
the time has come to expect a bearish scenario work its way in
we must be disciplined and know when to be bullish and when to be bearish. as traders we have
to pick the most likely scenario. in this case there is a less than 10% chance bitcoin and ethereum will break the 3.618 extension level
if it does than we will see extraordinary highs in both. i will post the bullish scenario for you down below but there
is a LOT of risk buying here for the long term until we get more price action. all signs suggest we are going lower
another thing to note is that there is a CME futures gap around 20k i believe
thanks for your time
Rigo
i started with the bitcoin chart because its still the big dog on the block and where bitcoin goes, the majority of alts follow
from the guy who told you to buy ether below $200
the time has come to expect a bearish scenario work its way in
we must be disciplined and know when to be bullish and when to be bearish. as traders we have
to pick the most likely scenario. in this case there is a less than 10% chance bitcoin and ethereum will break the 3.618 extension level
if it does than we will see extraordinary highs in both. i will post the bullish scenario for you down below but there
is a LOT of risk buying here for the long term until we get more price action. all signs suggest we are going lower
another thing to note is that there is a CME futures gap around 20k i believe
thanks for your time
Rigo
Note
for the bulls if we break the 3.618 level decisively
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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.