Hello traders and investors,
Bitcoin had a quick crash recently right around the neckline of the HNS pattern since the 65k ATH. Currently BTC is not looking parabolic anymore after running back up from the 30k support. I don't think the bear market have started yet, I actually believe the bull market will continue until the end of next year.
However, I do believe the market always make it more difficult than people think. The current price action for BTC look similar to the drop at 65k. I simply copied the candles and moved it over. IF this fractal is to happen, then we can see BTC getting close to 20k. This will create a larger bull flag on a daily time frame. It will set us up to run up to 120k sometime next year.
Let me know what you think.
Bitcoin had a quick crash recently right around the neckline of the HNS pattern since the 65k ATH. Currently BTC is not looking parabolic anymore after running back up from the 30k support. I don't think the bear market have started yet, I actually believe the bull market will continue until the end of next year.
However, I do believe the market always make it more difficult than people think. The current price action for BTC look similar to the drop at 65k. I simply copied the candles and moved it over. IF this fractal is to happen, then we can see BTC getting close to 20k. This will create a larger bull flag on a daily time frame. It will set us up to run up to 120k sometime next year.
Let me know what you think.