Trendlines are not imaginary lines drawn on a chart but rather lines that help traders to recognize and eventually predict future market reactions and realize the direction of the price.
Obviously, in addition to the technical analysis, we need to consider several economic aspects that tip the scales to one side rather than the other.
What do I expect from a technical point of view? A mirror movement with a 75% probability of an inverted head and shoulders with a possible low around 14K.
When? If we knew this we would not be talking about it ;)
I can be wrong on the short term but on the long term it's hard for me to be wrong.
Obviously, in addition to the technical analysis, we need to consider several economic aspects that tip the scales to one side rather than the other.
What do I expect from a technical point of view? A mirror movement with a 75% probability of an inverted head and shoulders with a possible low around 14K.
When? If we knew this we would not be talking about it ;)
I can be wrong on the short term but on the long term it's hard for me to be wrong.
