It is still too early, but there is a lot on history teaching the possibilities, to survive the market you need to have bull strategies, bear strategies and risk management without this you get broken fast because nobody have the power to know the future.
So what is this analysis about? The 9.4K and 9.2K crossroad delimiter of the bull field and bear field and is still early to say but as I am writing market is above 9.4K so still bullish and it don't yet make a new low. Looking at the history we can see when market cross down the mean with a huge volume if this does not produce a new low it returns to mean and touch it, while when there is a new low it has a weak bounce and I have put that on chart.
On another related idea, I have linked it below, The very BIG picture, I have put the idea the market is going for another crash and this is of the possible paths for a bear strategy. Here is the possible paths I see:
- Market don't make a new low and return to the mean them it could:
* Just go for a wave 5 and take every bear by surprise;
* Hit the 4H MA50 mean and resume to the second big crash going to 4K;
- Market make a new low, make a weak bounce and go for the second big crash
So how to profit without having no clue ? risk management !!
What about now ? Market is running sideways until some inner timeframe, with enough power, like the 30M, where the downfall started, pickup again, by getting rejected to cross it will produce a new low and you already have the strategy for that. Or cross the mean, and return to the big 4H mean where you already have a strategy. So let's just wait and follow the plan !
So what is this analysis about? The 9.4K and 9.2K crossroad delimiter of the bull field and bear field and is still early to say but as I am writing market is above 9.4K so still bullish and it don't yet make a new low. Looking at the history we can see when market cross down the mean with a huge volume if this does not produce a new low it returns to mean and touch it, while when there is a new low it has a weak bounce and I have put that on chart.
On another related idea, I have linked it below, The very BIG picture, I have put the idea the market is going for another crash and this is of the possible paths for a bear strategy. Here is the possible paths I see:
- Market don't make a new low and return to the mean them it could:
* Just go for a wave 5 and take every bear by surprise;
* Hit the 4H MA50 mean and resume to the second big crash going to 4K;
- Market make a new low, make a weak bounce and go for the second big crash
So how to profit without having no clue ? risk management !!
What about now ? Market is running sideways until some inner timeframe, with enough power, like the 30M, where the downfall started, pickup again, by getting rejected to cross it will produce a new low and you already have the strategy for that. Or cross the mean, and return to the big 4H mean where you already have a strategy. So let's just wait and follow the plan !
Comment:
BTC made a new low, so we might not have a strong bounce touching the 4H MA50. Let's stick with the plan. The second big crash is on the way !
Comment:
Even though the points A and B are just drafts, point A got exactly the same level and start a weak bounce as planned. I don't expect it to go exactly to point B now but it is possible as history shows.
