The market found support lower than I expected, but the bullish scenario is not dead yet. This support will probably be tested tomorrow,
and a bullish scenario needs the test to be followed by strong buys for the next 5 days, reaching 10 k$, then correct and form a triangle.
and a bullish scenario needs the test to be followed by strong buys for the next 5 days, reaching 10 k$, then correct and form a triangle.
My god you are completely delusional, did you sell your account? Old tzupy was sharper than that. We've been in a bear market since months now, there wont be any bullish scenario before price is boring again and we go through a desperation period so market makers can accumulate and we get rid of all the guys who came here to get rich quick.
Right now price is bleeding slowly to keep people in the market until they get desperate and capitulate under 6K.
ML scenario of 3K seems the most appropriate to that effect.
It's possible we go towards 9200 or 10250 in the meantime but it'll just be an opportunity to short and break the 6K bottom with more ease.
No, I didn't sell my account, am just trying to keep an open mind.
The market was weak and didn't reach the 10 k$ I was hoping for (and more importantly, push the 6h, 12h and 24h MACD higher), and now the correction is worsening the indicators.
I compared the current movements (from 6th February) with those of September 15th - 25th 2017, and if the bullish scenario will still win, the market moves about 6x slower
and should start pumping strongly 5 - 6 days from now (but given the current weakness, the pump could fail). If this fails, then the bearish scenario becomes quite probable.
