Hello, everyone.
Well since, the median has now been reached, that's red dashed line. There's pretty much only 2 ways of what can happen next. Either we now retrace a bit (the green line) in which case we should buy the dip. Or we breakout and have a bit of a runaway move to (the yellow line) we're we could try to sell the high but it's pretty dangerous in this area, wouldn't reccomend it. This is pretty much no trade zone. And the chances on both scenarios are on par i'd say. Atleast I don't know better which way will the market move at this point. Fear greed index is still in the oversold territory and the halvening may have some bullish momentum to it. So I'd maybe give 60/40 chance with the bull's in the lead.
Well since, the median has now been reached, that's red dashed line. There's pretty much only 2 ways of what can happen next. Either we now retrace a bit (the green line) in which case we should buy the dip. Or we breakout and have a bit of a runaway move to (the yellow line) we're we could try to sell the high but it's pretty dangerous in this area, wouldn't reccomend it. This is pretty much no trade zone. And the chances on both scenarios are on par i'd say. Atleast I don't know better which way will the market move at this point. Fear greed index is still in the oversold territory and the halvening may have some bullish momentum to it. So I'd maybe give 60/40 chance with the bull's in the lead.