Expending Triangule or Broadening?
In my point of view, we are in an Expending Triangule with 3 major options:
A ➜ If June ends above the US$ 9,750, breaking the market structure, the next target will be our all time highest high near to US$ 18,000, but I think its is Improbable.
B ➜ Closing June bellow US$ 9,750, we will still inside this long bear trend, aiming to test the bottom of the triangle, but its very possible that movement is just a Beautiful Bear Trap, climbing fast the prices back to US$ 10,000 with a breakout in a few weeks, and our next target will be $17,800.
C ➜ The saddest option, without strong bulls, the bears hit the bottom of the triangule, triggering several stops orders, backing us to 3 years ago with the prices in $ 1600 and then $ 800.
So... What do you think?
A ➜ If June ends above the US$ 9,750, breaking the market structure, the next target will be our all time highest high near to US$ 18,000, but I think its is Improbable.
B ➜ Closing June bellow US$ 9,750, we will still inside this long bear trend, aiming to test the bottom of the triangle, but its very possible that movement is just a Beautiful Bear Trap, climbing fast the prices back to US$ 10,000 with a breakout in a few weeks, and our next target will be $17,800.
C ➜ The saddest option, without strong bulls, the bears hit the bottom of the triangule, triggering several stops orders, backing us to 3 years ago with the prices in $ 1600 and then $ 800.
So... What do you think?
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