The Complete Battleplan. FRONT NEWS!Finally the rally price action proved previous forecasts to be true(ish).
The question everyone is asking - when does the rally end?
I've carefully mapped out all four basic bullish scenarios I can see in this market.
We're about to see at least one deep correction model that will retrace 15-40%
of the typical 12345 impulse, if it is finished(if so, then bulls will rest for a day or two,'
observe the battlefield, confirm the price stability).
I suggest 4 basic scenarios, all bullish. So DON'T panic,
one deep correction may easily form allowing the bulls to quickly replenish
lost soldiers and bring even more fresh whale buy-ins to our party!
I've tried to consider all major res/supp levels and the common time lengths
that suggested correction models commonly feature for BTCUSD(to the best
of my analogish brain judgement).
Chart tells you everything you need to know:
two most probable scenarios are all mapped-out with the consideration
of known levels.
I also suspect that the FOMO is great right now and the current impulse has
a lot of driving force left to continue surging up to 8.8k+ without and deep retraces.
I vote for THE MOST PROBABLE SCENARIO I. (subgroup II. is as probable as I.)
Do you?
The bigger picture can be observed in the related ideas... below...
They are all parts of the same market analysis.
