Attempt ad 2nd bottom on the 4hr. Not out of the woods yet and it can sure still go to $15,xxx the next few weeks, but it’s an encouraging signal
So actually you are saying it could go to 15xxx but it could also go UP ....
So eeeuhm it’s down or up iyo?
Of course you get an evasive answer from me
It can go up and it can go down. My personal ‘worst case’ range is 20 to 30% correction from the top. So that means between $15,598 and $13,648. So $15,000 would still be benign in my world.
What my post was meant to say is that I see buyers fighting back on a chart that is more than short term up/down. The 4hr is not long term but still longer away from the immediate trading moment. I find comfort in seeing a potential reversal building with seemingly sellers trying to push down further to a
lower low again while buyer seem able to prevent this. This would break the ‘straight down’ pattern we saw immediate after the sell off with lower lows following.
Whether it all materialises and also will constitute the lowest point ($16,317 Bitfinex) is written in the cards (the unknown future).
I trust this clarifies your question.
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Has it been that long)
