3 Year Adam and Eve `bottoming structure Scenario
Market structure currently maps to an Adam and Eve and the bad news for the long-term bulls is that we might be only at the beginning of 'Adam' structure. That is a 2 year bear market still to play out!!
- Worst case scenario for this dip was $19k ($10k is reserved for Christmas). Market stops are gone. Entries on recovery.
- $30k no longer viable but excellent Trading ahead - Expecting a rally back up with a TP of $24k with ALTs rallying hard over next day or so before we do it all over again in April :)
Best, Hard Forky
Market structure currently maps to an Adam and Eve and the bad news for the long-term bulls is that we might be only at the beginning of 'Adam' structure. That is a 2 year bear market still to play out!!
- Worst case scenario for this dip was $19k ($10k is reserved for Christmas). Market stops are gone. Entries on recovery.
- $30k no longer viable but excellent Trading ahead - Expecting a rally back up with a TP of $24k with ALTs rallying hard over next day or so before we do it all over again in April :)
Best, Hard Forky
Kommentar:
$25k stretch
Kommentar:
Bearflag could take this to $19k early runners like ATOM are just under resistance and ready for a break
Kommentar:
Slow rally
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unexpected - possible break but possible new low
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non-stop to the previous break
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Impressive, possible top. Tough day if folk were short -
Kommentar:
End of the scenario -
Kommentar:
Bull trap likley
Kommentar:
top of channel, multiple resistance
Kommentar:
remains at top of channel
Kommentar:
bull trap?
Kommentar:
support
Kommentar:
Support unlikley to hold
Kommentar:
head above the line again
