Short term
- BTC appears to be completing its Cycle
- Still on Target to hit the golden pocket somewhere btw 8300 and 8400.
- Will we go lower than that...? Of course its possible, but I feel probably not that likely given how hidden bullish divergence is starting to appear on higher time-frames (4h, 6h), so it looks more probable to me like a strong move up is very close.
Short term bullish scenario
- I think we will hit at least 10k to 10.5k but the burning question is if we can hold above resistance
longer term Bullish Scenario:
- Is the low in? Or will we go parabolic? Most analysts think the latter is likely, I personally am still on the fence, so I will be watching the 9500 - 9700 region very closely for a potential reversal.
- I will become very strongly bullish if we can stay above the 9.8k to 10k, but failure to hold this level will mean the bull market must wait
Bearish Scenario:
- If there is a reversal then pretty much I am extremely Bearish, we won't see a bull market probably for a couple months and I expect a new low in the 6000 region
- BTC appears to be completing its Cycle
- Still on Target to hit the golden pocket somewhere btw 8300 and 8400.
- Will we go lower than that...? Of course its possible, but I feel probably not that likely given how hidden bullish divergence is starting to appear on higher time-frames (4h, 6h), so it looks more probable to me like a strong move up is very close.
Short term bullish scenario
- I think we will hit at least 10k to 10.5k but the burning question is if we can hold above resistance
longer term Bullish Scenario:
- Is the low in? Or will we go parabolic? Most analysts think the latter is likely, I personally am still on the fence, so I will be watching the 9500 - 9700 region very closely for a potential reversal.
- I will become very strongly bullish if we can stay above the 9.8k to 10k, but failure to hold this level will mean the bull market must wait
Bearish Scenario:
- If there is a reversal then pretty much I am extremely Bearish, we won't see a bull market probably for a couple months and I expect a new low in the 6000 region
