Bull vs. Bear - Which are you leaning towards?
Here's the bullish and bearish scenario as I see fit:
Bullish - we pull back, and form a larger ascending triangle (yellow) breakout formation. Note that this would start with a dump in the short term, and then consolidation before the pump.
Bearish - This rising wedge could see one last pump to 49-51k before breaking down. Unlike the bullish scenario, this bearish scenario can start with bullish continuation from here to get us very over-extended, and then have a brutal dump. Let me know what you all think
As always, this is not financial advise - merely just my perspectives on the market at the moment! Feel free to message me to discuss views, or debate... thanks!
Bullish - we pull back, and form a larger ascending triangle (yellow) breakout formation. Note that this would start with a dump in the short term, and then consolidation before the pump.
Bearish - This rising wedge could see one last pump to 49-51k before breaking down. Unlike the bullish scenario, this bearish scenario can start with bullish continuation from here to get us very over-extended, and then have a brutal dump. Let me know what you all think
As always, this is not financial advise - merely just my perspectives on the market at the moment! Feel free to message me to discuss views, or debate... thanks!
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.