BTCUSD failed the Adam and Eve reversal earlier than anyone anticipated. Myself and most traders expected a symmetrical 11.8k completion which would have drawn alt season out to about June which corresponded with alt coin talking heads' expectations on Twitter. The puzzle pieces seemed a little too tidy.
A failure of the Adam and Eve formation should result in a new low around 5.5k. My expectation is we'll see a capitulation at 5.5k modeled by a sharp 'V' bottom followed by a tepid rally and into sideways action for a few weeks followed by another 'V' bottom around 5.5k and into another multi week sideways range until we break above consolidation and begin a parabolic run to about 100k next year.
A failure of the Adam and Eve formation should result in a new low around 5.5k. My expectation is we'll see a capitulation at 5.5k modeled by a sharp 'V' bottom followed by a tepid rally and into sideways action for a few weeks followed by another 'V' bottom around 5.5k and into another multi week sideways range until we break above consolidation and begin a parabolic run to about 100k next year.
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.