BTC Possible Middle Term Scenario

5 нояб. 2022 г.

The bear market shouldn't have been over, but we are likely in a relief rally if the price rises above the threshold of around (21600-) 21800.
Beware of still possible correction before the actual bullish move.

Long until December, and maybe short (in January) at 33.5k-34k.
If the market is more bearish, the downtrend could resume at 28k-29k.

I changed my view because the bullish dragon in the related idea now seems to have been active.
The chart and annotation would be self-explanatory: the keys are harmonic patterns and Fibonacci.

To those who hate Gann Square and arcs: Ignore them, or ignore this idea. It's simple. Think twice before you post anything in the comment area.

5 нояб. 2022 г.

Заметка

Daily TF magnification.

5 нояб. 2022 г.

Заметка

Correction. Bullish Dragon's 0.786 is 29k.