Comparing to history? - just a speculation...
- If history repeats itself, then breaking below the S/R swap which we are at now, will break the e50 as well...
- If this happens, then the correction below e50 on before last halving went crushing down all the way to s/r of before this *echo bubble* run started....
Which means in our scenario, if this happens, then our target is: 5500
* History don't have to repeat itself 😜
But this is just a *red alarm* for you guys to be alerted about and prepare....
I'm a probabilities guy, so I never say never ❤️
- Another scenario (Less drastic, more likely, and fits too my last analysis):
-
- If history repeats itself, then breaking below the S/R swap which we are at now, will break the e50 as well...
- If this happens, then the correction below e50 on before last halving went crushing down to next S/R
Which means in our scenario, if this happens, then our target is: 8300
* On both scenarios, PA matters, so if we go below e50, expect a nice correction from there =D
* Pro tip: Never short a bullish trend, only ladder down longs at important support levels.
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