Bitcoin/USD (January 21st 2021 through March-April 2021)
Low: $24,222
High: $30,290
My original theory was that we started a true bear cycle since the $42.2k peak but I'm having a very hard time deciding if the moves that follow will be explosively bullish or bearish. So for now, here's a new theory on how we could go down for a bit before going above $42k if that still happens after this channel potentially completes.
This idea is part of a progression from a related idea here:
Thanks for tuning in :) Disclaimer, anyone in the trade needs to do their own due diligence and decide what is right for YOU. My charts can be wrong at any time and it's very important that you have your own strategies and plans in place. I run this channel for my own educational purposes of learning to trade, and I will never be 100% right, so please do not let me confirm any bias for you! (Dangerous to do so, stay safe and remember the basics & rules of risk assessment.) Expect the unexpected and happy trading!
Low: $24,222
High: $30,290
My original theory was that we started a true bear cycle since the $42.2k peak but I'm having a very hard time deciding if the moves that follow will be explosively bullish or bearish. So for now, here's a new theory on how we could go down for a bit before going above $42k if that still happens after this channel potentially completes.
This idea is part of a progression from a related idea here:
Thanks for tuning in :) Disclaimer, anyone in the trade needs to do their own due diligence and decide what is right for YOU. My charts can be wrong at any time and it's very important that you have your own strategies and plans in place. I run this channel for my own educational purposes of learning to trade, and I will never be 100% right, so please do not let me confirm any bias for you! (Dangerous to do so, stay safe and remember the basics & rules of risk assessment.) Expect the unexpected and happy trading!
