BTC top in for the near term? $31k first, then $9k
Think we've topped for the near term. Sentiment at extremes. Ugly 2W candle.
I think we go down first before up to shake out all the late longs who think they're geniuses for buying at $20-30k. Price should gravitate towards the gray boxes within that time frame.
We'll have to see how it plays out. Idea invalidated on a break of $58.4k
I think we go down first before up to shake out all the late longs who think they're geniuses for buying at $20-30k. Price should gravitate towards the gray boxes within that time frame.
We'll have to see how it plays out. Idea invalidated on a break of $58.4k
Kommentera:
Invalidated. New idea:
Kommentera:
Thought this was invalidated on the break of $59k but technically we never closed over that level. I actually lean towards this as my base case going forward.
$9k-$12k by November
$9k-$12k by November
Kommentera:
Part 1 played out perfectly
Kommentera:
Another way to view the downtrend. A break of 2/1 will make the scenario even more likely.
