This scenario could unfold next couple of days i guess, what is your opinion on this idea today?
HaiSaigon
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@retchingbig, there is rejection at 39350 price zone. So, it maybe down to 35180-35,860 for accumulation before it enough strong to breakout very strong resistance zone, 39,360-40,360.
There are 2 price zones which could order buy limit, 35,180-35860 and 39,360-40,360.
Pls refer new analysis:
retchingbig
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When I saw this at first, i was thinking there was no way we would see 40k before we 20k. But your ideas are really solid, no bullshit. Do you consider this the relief rally before the last drop in this cycle, or what do you base this on? Order blocks? Wyckoff?
HaiSaigon
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@retchingbig,I am based on the principle of supply and demand. You look at the market in a few months and you will see. The first forecast, the price will has dropped but it dropped to 30k. So, the market said most of buyers think that the price was over 44k to be too high. This relief rally before the last drop in this cycle. tks
retchingbig
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@HaiSaigon that's a great explanation, i can follow your reasoning. I wish I understand how people stay bullish, but let's so who the makers fuck first. Gl to all