A BULLISH scenario may be in play
There are 2 mid cycle 75% Draw Down Scenario at play.
2013 & 2020
The entire market is on a knifes edge, waiting for a move.
$17.5k will nee to be breached and there could be an explosive upward march to $23k.
The resistance will need to be broken to make a sound decision to determine if it is a mid cycle bullrun, if $23k is breached leaving the entire market waiting for the dip.
============End Bullish scenario
Currently Bearish waiting on the 85% BTC Draw Down narrative below:
Market Psychology: Nearing the end of the "ANGER" Stage waiting on the retrace.
1.bp.blogspot.com/-c...1600/marketcycle.png
There are 2 mid cycle 75% Draw Down Scenario at play.
2013 & 2020
The entire market is on a knifes edge, waiting for a move.
$17.5k will nee to be breached and there could be an explosive upward march to $23k.
The resistance will need to be broken to make a sound decision to determine if it is a mid cycle bullrun, if $23k is breached leaving the entire market waiting for the dip.
============End Bullish scenario
Currently Bearish waiting on the 85% BTC Draw Down narrative below:
Market Psychology: Nearing the end of the "ANGER" Stage waiting on the retrace.
1.bp.blogspot.com/-c...1600/marketcycle.png
