I am mapping out the bear scenario. If we retest 9k and can't break through it, I will move to my alternate count. It will mean the completion of the ABC corrective (upward) wave, and one more leg (wave 5 downward) to 4500s. There is a very fib line at 9k range that fits many fib scenarios. First 2 landing zones are 4500 and 2k.
Not trying to poop on anyone's party. Just reading charts (I have had bull counts in my past charts, but now I am trying to be aware of the bear).
We did test it, twice, why continue. The lows need to be retested
eljimberino
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Just bounced off your #4. Let’s watch and see.
RodrigoGarreton
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good luck!
mvc64200
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I can't stop laughing man thank you
jimmychen23
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@mvc64200, just giving the options. If you look at my other charts for btc, it's all bull.
I'm charting this because there were 2 retests of the 9k resistance.
Technicals isn't about predicting the future. It's about knowing the probable paths.
Bulls make money. Bears make money. Those who refuse to acknowledge the existance of both get slaughtered.