OP.Usdt (Y22.P3.E).The trade so far..where is the bottom
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Hi All,
I do believe this bear market is not like any other because the current world climate is not like no other, high inflation and interest rates to still come so we will see more down turn on the stocks and crypto is no exception.
Having said that, This could be wave 3 to 4 looking for completion.
Why wave 3 to 4? Wave 3 to 4 is usually complex, even in a uptrend or downtrend market.
We also might have a trading opportunity if it comes using the RSI however in a bear market, targets don't usually hit like in a bull market. Unless its a reversal.
The breakout trade can only be a relief rally in my opinion, just like for the others.
All the best,
S.SAri
I do believe this bear market is not like any other because the current world climate is not like no other, high inflation and interest rates to still come so we will see more down turn on the stocks and crypto is no exception.
Having said that, This could be wave 3 to 4 looking for completion.
Why wave 3 to 4? Wave 3 to 4 is usually complex, even in a uptrend or downtrend market.
We also might have a trading opportunity if it comes using the RSI however in a bear market, targets don't usually hit like in a bull market. Unless its a reversal.
The breakout trade can only be a relief rally in my opinion, just like for the others.
All the best,
S.SAri
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