Everybody wishes for a fast recovery like back in 2017 at the 40% dips.
What would make a lot of people nervous would be a relatively slow recovery, it would fuck with peoples mind.
As the market likes to be like that, im throwing out a slow recovery scenario which may or may not occur.
We may even retest the green support zone, as long as this support holds, things look still bullish.
Dyor.
What would make a lot of people nervous would be a relatively slow recovery, it would fuck with peoples mind.
As the market likes to be like that, im throwing out a slow recovery scenario which may or may not occur.
We may even retest the green support zone, as long as this support holds, things look still bullish.
Dyor.
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bigger frame:
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bottom should be in, expecting a "parralel" support line to curve
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Support zone tested, if someone´s interested: In case this support zone breaks, i expect atleast restesting 20k, maybe even lower
Im long but aware of this scenario
Im long but aware of this scenario
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I just didnt saw dat juicy volume yet on the retest, isnt neccessarily bearish but neither a bullish confirmation which i hoped for.
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I think the support bar is fatter that i originaly marked. we may test the lower area of the support zone( white bar) , if that shit breaks, see you at 20k
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Well yeah my original idea definitely was wrong at this point. Still bullish as long support zone holds. As long btc keeps above 27500 USD im bullish, if that breaks, RUN!
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you know crypto is (atleast temporarly) pumping when "cryptocrash" is trending on twitter, going against the masses is almost everytime rewarding xD
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On Balance Volume doesnt look good