Here is my bear count, which is almost in, as it looks like we have almost completed our "bullish" triangle correction pattern, that is on its final leg down. I think my first target may be too weak to hold, but wether we bounce now or at the red trendline, we should be seeing a bounce soon.
Id be watching for a bounce off the red trendline, to gage a good entry. However there is still the possibility we could break through the red trendline, then id change my count, but that is highly unlikely.
**Not financial advice, just sharing what i see"
Cheers
Id be watching for a bounce off the red trendline, to gage a good entry. However there is still the possibility we could break through the red trendline, then id change my count, but that is highly unlikely.
**Not financial advice, just sharing what i see"
Cheers
Kommentar:
We always have to take into account Bitcoin, and how its trading. It dumped which was the catalyst for the break of our red trendline. Which is why entry should always be taken on confirmation of a strong bounce off the red trendline (volume), which we did not get. I have just posted an adapted chart, which should shed light on where we are at.