A different viewpoint..

28. Apr. 2021

I noticed 3 points before serious movement. The correlation and angle between the 3 points determining whether it was bullish or bearish, as well as intensity. But this most recent correction broke the pattern and an anomaly was witnessed, rather than continuing down (with a small continuance to the 43-45k area) we spiked up. Current RSI and various oscillators leave me feeling like we're propped up like the US economy after our first round of lockdowns. As per my maniacal illustration, I believe we'll see our 2nd point within a day or two. The 3rd around May 2nd. The correlation between these three points giving indication to where we go from here. Weighing in on the fact that we SHOULD have continued downwards, this feels artificial and I can see the second point landing around 55k (as we're on track for) and the 3rd landing higher or lower. The gap between the 2nd and 3rd point dictating how intense price movement will be. A 3rd point at 56-57k would propel us into continued chop/sideways action. Wherein a 52-53k landing could see us correcting completely to the original 43-45k price point, further emphasized and pushed to 38k if fear/bear mentality is adopted. Regardless, the bull market will continue and as per the evolving volatility and drastic candle sizes, which will only continue to grow.. longer periods of chop and violent candles up or down.

Or maybe I'm crazy?

I believe we go lower, flushing and priming the slingshot for a solid launch to 70-80k in one swing, before we decide what happens next.