Hello guys, it´s time to look at the bigger picture again. As usual I am using the 3D interval to try and figure out what are our odds here. Fact is, we could be on the well known gigantic symmetrical triangle, which increases the odds, we will follow up the downtrend until a possible support will be hit not before middle of 2020. Does this have to happen? No, this strongly depends on two factors: The yearly Pivot and the next couple of days (lots of small bearish flags following each other on small intervals) and the APEX zone.
The stage, that I mentioned in last post, that we will experience a couple of hundred $ swing-time will likely very soon be over.
The odds we will bounce here are a little worse than the odds, that we will go down further to the triangle support. Overall and long-term this is not bearish. For Hodlers this is a very uncomfortable scenario, it will take a long long time until alts start recovery, bags will go on bleeding if this becomes truth and remember, the way up is MUCH harder than the way down.
Keep your mind open for both scenarios and don´t get too stuck with one of them, it will paralyze you towards active trading. ------------------------------- Warm regards, Nerubica