Short term update: Looking pretty bearish. Looks like a head & shoulder / descending triangle has formed, which has a high probability of breaking bearish. 8k-10k bottom still possible.
Price seem to be in a descending trend hence we are bearish bias- price is moving toward the18546 levels where the previous swing low sits. if bearish momentum continues, it should bring price further down to 17754 where the 100% projection sits check out our analysis
Ok so let's play a game. Remember the answer is always C. So we have the H and S of the FOMC on screen and the descending triangle which is the arm of the FOMC resting on the flush handle... What happens next? Remember the answer is always C. a) We find Waldo high on meth in a Philadelphia alley. b) We find Carmen Sandiego pregnant and with 8 kids, living in a trailer park in Mississippi waiting for her husband Waldo to come home. c) The crypto market dumps. d) You buy an extended car warranty from that company. Chose wisely!