Goodday fellow traders/analysts.
Quick short term TA. Alright once resistance is confirmed(red dashed line). Then (hopefully) we'll see a reverse head & shoulders / ascending triangle pattern forming. Which has a high probility of breaking bullish. This might trigger the next bull run. Otherwise it will continue to go down towards the 10k region. Then we'll have huge descending broadening wedge/triangle-ish pattern. Which has a very high probility of breaking bullish. When we reach these regions. I'll be very bullish, since price action is following the long term trend trajectory(yellow dotted line) for quite some time now. I believe this will be the end of the current market cycle. We will know more in september this year.
Good luck and may the trend gods be with you.
Quick short term TA. Alright once resistance is confirmed(red dashed line). Then (hopefully) we'll see a reverse head & shoulders / ascending triangle pattern forming. Which has a high probility of breaking bullish. This might trigger the next bull run. Otherwise it will continue to go down towards the 10k region. Then we'll have huge descending broadening wedge/triangle-ish pattern. Which has a very high probility of breaking bullish. When we reach these regions. I'll be very bullish, since price action is following the long term trend trajectory(yellow dotted line) for quite some time now. I believe this will be the end of the current market cycle. We will know more in september this year.
Good luck and may the trend gods be with you.
