BTC Chopping around - What's Next?
Follow up to my previous chart
Based on my previous chart the Bear case played out almost perfectly.
We broke the 40K-
42K support, and tested the 30K support
So where to next?
Bull Case:
The 30K support holds, we chop around between 30K-40K zone, then push higher
Bear Case:
The 30K support breaks, and we have a fast 30%-35% washout which will put us around 20K, then V-bottom with a strong bounce.
Based on my previous chart the Bear case played out almost perfectly.
We broke the 40K-
42K support, and tested the 30K supportSo where to next?
Bull Case:
The 30K support holds, we chop around between 30K-40K zone, then push higher
Bear Case:
The 30K support breaks, and we have a fast 30%-35% washout which will put us around 20K, then V-bottom with a strong bounce.
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