Unfortunately, that 'little retracement' I mentioned last Bitcoin Overall turned out to be a bit larger, testing the higher of the indicated supports. Thus, there is reason to believe the corrective phase will last longer and may even cut deeper than I expected.
I believe this means we are likely to head lower again before moving higher. How low...I don't know for certain, however it should hold the lower supports indicated at a minimum before moving higher. How far the market declines will indicate what it will do next.
Regardless, we should still be in a bull market, so new ATH is to be expected. I simply think it will take longer now.
Indicated is a likely sequence of events--the next 5 relevant swings, as far as I can surmise.
According to my schema, a short is in the near future, as indicated. could go deeper, this is a fairly safe exit however.
I believe this means we are likely to head lower again before moving higher. How low...I don't know for certain, however it should hold the lower supports indicated at a minimum before moving higher. How far the market declines will indicate what it will do next.
Regardless, we should still be in a bull market, so new ATH is to be expected. I simply think it will take longer now.
Indicated is a likely sequence of events--the next 5 relevant swings, as far as I can surmise.
According to my schema, a short is in the near future, as indicated. could go deeper, this is a fairly safe exit however.
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。