Raise your hand if you ignored that bearish divergence.
. O/
./|
. /\
I applied percentages to some possible short-term outcomes based on:
- the length and depth of the bearish divergence on the 4h charts
- the depth of that ominous H&S that classically broke halfway thru the right shoulder
- the relative strength of the major long-term trend lines
- the relatively lesser strength of the Fib and Fib-fan lines
- If we go down, we're looking at major support at ~7800 (.618) and ~6850 (long-term uptrend)
Long term feel: Tough to ignore the consolidation and pinch on the 1-day charts. Plays nicely into 30-50$k predictions.
I'd give $3k predictions a 15% chance right now. (fringe conspiracy theorists) ;)
Cheers!
B
. O/
./|
. /\
I applied percentages to some possible short-term outcomes based on:
- the length and depth of the bearish divergence on the 4h charts
- the depth of that ominous H&S that classically broke halfway thru the right shoulder
- the relative strength of the major long-term trend lines
- the relatively lesser strength of the Fib and Fib-fan lines
- If we go down, we're looking at major support at ~7800 (.618) and ~6850 (long-term uptrend)
Long term feel: Tough to ignore the consolidation and pinch on the 1-day charts. Plays nicely into 30-50$k predictions.
I'd give $3k predictions a 15% chance right now. (fringe conspiracy theorists) ;)
Cheers!
B
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.