In the blue I have drawn the bullish scenario and in the Red the bearish case. I personally think the bears will win this one but I am skeptical by nature! Who knows, maybe the bulls will come through and the blue arrows will play out! All we can do is wait and watch.
GL and God Bless
GL and God Bless
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I just want to be clear, the “bullish” scenario was kind of just a joke. It was meant to reinforce the the idea that I am extremely bearish lol my bad peeps
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Well guys so far we are following this idea perfectly..will it continue? Who knows!? But it is exciting lol
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We are at critical support around 7kUSD. As I have mentioned in other ideas BTC has already crushed through numerous support levels and now as we approach really the final one I wonder if sellers have enough ammo to punch through. Both sides are punch drunk at this point doing everything they can to avoid a KO. Bulls are obviously on the ropes and therefore on the cusp of a very deep downturn however they are not going easily into the night. I would not be surprised to see a bounce either after we break the trend line ( as a retest to confirm as resistance ) or a run back up to 7900-8k in order to let bears rest and reload the guns. Either way we as traders should remain vigilant even on this Memorial Day weekend. I will probably update a few posts with a similar message today so I apologize if you get multiple notifications. Hope you guys have a wonderful weekend and please feel free to leave me comments and feedback.
Red Boar
Red Boar
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Wow guys! We called this one pretty much perfect so far, I am not bragging just a little bit proud. Anyways, the update is here
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Well guys, looks like the bullish scenario played out....but we have broken down from the triangle, we could go back up and retest it as resistance but I think its pretty much RIP now.