A possibility about the final bear movement...Others.D
Others dominance graph has been working very well since 2019.
Red declining line has been confirmed 2 times (2021 summer+mid2022).
But this time, after the ftx issue, it seems to be broken down.
After a possible confirmation, it's likely to go down to the possible return point of 7.66%.
Additionally, it seems that we have a HS pattern formed (but not confirmed clearly yet) which has a final target of ~6.5%
If the confirmation formed, my game plan will be kind of like this.
ps: Just a humble idea of a possible movement.
Red declining line has been confirmed 2 times (2021 summer+mid2022).
But this time, after the ftx issue, it seems to be broken down.
After a possible confirmation, it's likely to go down to the possible return point of 7.66%.
Additionally, it seems that we have a HS pattern formed (but not confirmed clearly yet) which has a final target of ~6.5%
If the confirmation formed, my game plan will be kind of like this.
ps: Just a humble idea of a possible movement.
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.