Hey everyone, some of my friends asked me if I have any bullish scenarios... Most of you know me as a bear, however I also consider the bull cases.
The scenario above is for me the worst scenario that can be. This scenario expands the bear cycle and moves us far away from the crazy bull run all of us are expecting. Here we see an ABC simple correction which ended in Late 2018 and started a X failure wave which we are experiencing now. This case would move us up to all the way to 13-14 k USD. This will be the 0.618 correction of the whole bear market.
However, if the whales want to play with us more and torture us, they will make everyone believe in the crazy bull market and will crash the price just like they did in 2018.
The reason why I am paranoid and pessimistic is to show myself and everyone the worst cases and prepare for them (if they happens)
IF the move up to 13-14 K, everything will be really critical, the FOMO crowd and the whales will have the battle for the market movement, if the news and FOMO crowd wins we can directly fly to moon ( i do not find that likely either), but if the whales have not enough the bitcoin amount they want, we will go back to boring and depressing bear market...
Just like I said, this scenario is -for me- the worst thing that can happen to us all. It will expand the bear market more than we imagined. Yes, bitcoin will not die and the next bull be crazier than all of us imagine, but we will have to be more patient...
Hope I will be TOTALLY WRONG.
PS: Do not find this likely..
Always use mental or physical stop loss, and never go all in!
These are not financial advise...
The scenario above is for me the worst scenario that can be. This scenario expands the bear cycle and moves us far away from the crazy bull run all of us are expecting. Here we see an ABC simple correction which ended in Late 2018 and started a X failure wave which we are experiencing now. This case would move us up to all the way to 13-14 k USD. This will be the 0.618 correction of the whole bear market.
However, if the whales want to play with us more and torture us, they will make everyone believe in the crazy bull market and will crash the price just like they did in 2018.
The reason why I am paranoid and pessimistic is to show myself and everyone the worst cases and prepare for them (if they happens)
IF the move up to 13-14 K, everything will be really critical, the FOMO crowd and the whales will have the battle for the market movement, if the news and FOMO crowd wins we can directly fly to moon ( i do not find that likely either), but if the whales have not enough the bitcoin amount they want, we will go back to boring and depressing bear market...
Just like I said, this scenario is -for me- the worst thing that can happen to us all. It will expand the bear market more than we imagined. Yes, bitcoin will not die and the next bull be crazier than all of us imagine, but we will have to be more patient...
Hope I will be TOTALLY WRONG.
PS: Do not find this likely..
Always use mental or physical stop loss, and never go all in!
These are not financial advise...
Trade active:
If BTC closes below 21 weekly moving average everyone will start drawing this one...
I will be updating this
I will be updating this