I do not think it's actually going to play out this way, but during the last correction,
BTCUSD
did not fall hard enough to touch back to critical zones. This is the most pessimistic possible outlook on BTC. In my gut, it seems impossible for BTC to touch back to all the anchor points, but data suggests it's possible. This chart is just an experiment to see how it actually plays out compared to the most bearish possible view. My guess is that $9.2k is guaranteed, mid $7k is a coin toss, but anything below that is up to the market.
BTCUSD
did not fall hard enough to touch back to critical zones. This is the most pessimistic possible outlook on BTC. In my gut, it seems impossible for BTC to touch back to all the anchor points, but data suggests it's possible. This chart is just an experiment to see how it actually plays out compared to the most bearish possible view. My guess is that $9.2k is guaranteed, mid $7k is a coin toss, but anything below that is up to the market.
Comment:
very curious to see what comes of this little flag. I have no opinion at the moment, but a downside break would probably drive the price to the $9200 anchor, and an upside break will likely touch the top of resistance at $9700.
Comment:
Well, that was quick! first anchor point hit precisely at 9225, we're starting to see a small bounce: