All,
I think simply one of two things happen.
Scenario #1:
-we hold the uptrend and break up to retest 68-72 and possibly go to new highs
-we are entering somewhat of a squeeze (bollinger band not hedges lmfao) -- hitting channels on multiple timframes
Scenario #2:
-we crash below uptrend support again (already lost a few tight uptrends)
-we then crash and hopefully hold a falling wedge sharply down into the low 40s (still needing to create a HL) this will not only cause a divergence most likely but be a very explosive breakout.
Will update later with additional thoughts.
I think simply one of two things happen.
Scenario #1:
-we hold the uptrend and break up to retest 68-72 and possibly go to new highs
-we are entering somewhat of a squeeze (bollinger band not hedges lmfao) -- hitting channels on multiple timframes
Scenario #2:
-we crash below uptrend support again (already lost a few tight uptrends)
-we then crash and hopefully hold a falling wedge sharply down into the low 40s (still needing to create a HL) this will not only cause a divergence most likely but be a very explosive breakout.
Will update later with additional thoughts.
ノート
Looking at visible range we HAVE TO BE CAREFUL if we do crash down into 40s there is very little volume traded there we could see a fakeout and drop further to the $33 demand areaノート
Final leg up or down here.. down = 44 then maybe 33 ノート
ノート
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免責事項
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