Hello guys,
Just a quick TA without much analysis, but i think this pattern have a high probability, im here to talk about it. I think many people are thinking we go in uptrend right now. But imo, this is not the right time, we will check the resistance around 9k which is around the major resistance or the downtrend in log scale. We will fail to passe it. People who were thinking we were long will loose faith and sell. People thinking we will go lower than 6k will short. But ! But we wont go lower than 6k, we will end the elliott correction with an abcde triangle and rebound on the support of the big triangle.
And the short people are going the be rekt by the uptrend. The weak long people will also be rekt. And then we would go on somes good basis on an uptrend.
Tell me if you guys have another scenario, but this one look kinda good in my opinion
Thanks for reading
Just a quick TA without much analysis, but i think this pattern have a high probability, im here to talk about it. I think many people are thinking we go in uptrend right now. But imo, this is not the right time, we will check the resistance around 9k which is around the major resistance or the downtrend in log scale. We will fail to passe it. People who were thinking we were long will loose faith and sell. People thinking we will go lower than 6k will short. But ! But we wont go lower than 6k, we will end the elliott correction with an abcde triangle and rebound on the support of the big triangle.
And the short people are going the be rekt by the uptrend. The weak long people will also be rekt. And then we would go on somes good basis on an uptrend.
Tell me if you guys have another scenario, but this one look kinda good in my opinion
Thanks for reading