Bitcoin Bear market or Bull market? Full analysis
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at the breakout today, so its looking good so far, but we should not already forget what a shitshow we had past week. So best to remain careful.
1) We hold the
2) 9930ish breaks and we make a right shoulder. For version, 9750ish, can not break anymore (with acception of those nasty wicks).
3) Since we are still below the 10100, a lower high is still likely, therefore failure of the bulls. Above 9950ish, very unlikely, if we break it, this option comes in play as well.
Now if we break up, depending on theand the speed of the rally, we can try to determine if it’s a correctional wave up or the start of a new impulse wave. I have mostly been posting in my public channel lately, there i have made it clear that i am for the mid-term and maybe even the rest of the year, as long as we stay below the 11.5/12k. I was in favor of an up now, but the zigzagging past week made that quite difficult, so instead of being in favor of a move, objectively things looked like shit and bears were in favor. However, i showed a few factors that told me it was not all clearly . So eventually giving the range of 9100-9800/900. Yesterday things became a bit more clear:
Ideally we see a drop to like 9600, find some support and turn long again. Ideally the blue line plays out, so drop , then retest of 9700/30, if it would get touched again, its like 70/80% sure it will break. If that happens, we should see another attack of 10k. If that one breaks, most likely will see 10200ish again as well. As mentioned earlier today, another touch of 10200, will also be like 70/80% it will break eventually.
Bigger picture, i am still alot on coming week or 2. On how the push up will be, either correctional or an impulse wave up, so still think we will turn down again. But it will depend