3 Year Adam and Eve `bottoming structure Scenario
Market structure currently maps to an Adam and Eve and the bad news for the long-term bulls is that we might be only at the beginning of 'Adam' structure. That is a 2 year bear market still to play out!!
- Worst case scenario for this dip was $19k ($10k is reserved for Christmas). Market stops are gone. Entries on recovery.
- $30k no longer viable but excellent Trading ahead - Expecting a rally back up with a TP of $24k with ALTs rallying hard over next day or so before we do it all over again in April :)
Best, Hard Forky
Market structure currently maps to an Adam and Eve and the bad news for the long-term bulls is that we might be only at the beginning of 'Adam' structure. That is a 2 year bear market still to play out!!
- Worst case scenario for this dip was $19k ($10k is reserved for Christmas). Market stops are gone. Entries on recovery.
- $30k no longer viable but excellent Trading ahead - Expecting a rally back up with a TP of $24k with ALTs rallying hard over next day or so before we do it all over again in April :)
Best, Hard Forky
Comment:
$25k stretch
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Bearflag could take this to $19k early runners like ATOM are just under resistance and ready for a break
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Slow rally
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unexpected - possible break but possible new low
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non-stop to the previous break
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Impressive, possible top. Tough day if folk were short -
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End of the scenario -
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Bull trap likley
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top of channel, multiple resistance
Comment:
remains at top of channel
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bull trap?
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support
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Support unlikley to hold
Comment:
head above the line again
