I am not a pro, just brainstorming the possibilities and probabilities.
On my previous chart: diagonal triangle type 1.
Well...At this time, everybody is shorting, calling the bottom to be around the corner from 6k to 1.2k. Shorts are piling up. Everyone and their mother are expecting the breakdown of the price.
It seems too easy. A contrarian would probably assume a bull run somewhere here. What if wave 4 is not done yet? The shorts can squeeze and we will go back up 1-2 more times before bottoming out. What do I know though.. :) And they say everything genius is simple. So may be after all we are bottoming out.
Let's see how this unfolds...
NOT A FINANCIAL ADVICE
On my previous chart: diagonal triangle type 1.
Well...At this time, everybody is shorting, calling the bottom to be around the corner from 6k to 1.2k. Shorts are piling up. Everyone and their mother are expecting the breakdown of the price.
It seems too easy. A contrarian would probably assume a bull run somewhere here. What if wave 4 is not done yet? The shorts can squeeze and we will go back up 1-2 more times before bottoming out. What do I know though.. :) And they say everything genius is simple. So may be after all we are bottoming out.
Let's see how this unfolds...
NOT A FINANCIAL ADVICE
Comment:
or may be that's just ETA of the bottom.
