See what has been forming and bot sides are now almost identical! If the last part goes same, we should have a sharp drop which can be explained by a head and shoulder which we had expected several times and each time didn't happen!
In BCH you can see the pattern more clear.
this may sound crazy but I think after this small rise we should expect the drop fpr a...
We all knew the market need a downtrend to have a healthy ultimate uptrend, however I couldn't beleive that would take that much of time. I was expecting this earlier and to be honest lost lots of money being bear. But now I think we are close to the moment!
Please be cautious, this is not financial advice or signal, it's only my love to share and...
Another sign for being catious of a drop! I beleive I return to 6k is very likely.
So far nothing is bulish, it's just a lower high.
This is only my thought to chalenge other people to discuss it. Please comment if you agree, if not share your idea.
A setup for next two months! If we touch 5800 zone again, a bounce to 6900-700 is expected to touch the long term daily trend line again.
Rejecting from this would form a head and shoulder to target 3000 again before the explosion!
This all depends on what happen at each stage! Give me your thought please!