Been talking since last year about the worst case (red): 8 years away from next ATH
The most bullish case would be the black scenario.
Honestly, I cannot be bullish if I see the monthly chart.
The most bullish case would be the black scenario.
Honestly, I cannot be bullish if I see the monthly chart.
Note
How can you be super super short term and mid term bullish here. Best case is the 2024 mini pump.Note
Or even this harmonic pattern..but anyway, i don't see any ath anytime soon in the next 2 years.Note
Here how the RCI lines indicator could resolve.Note:
1) when Red goes down in that specific way, along with the green and white lines = further dump incoming. That could resolve in 2 months.
2) When white and green lines are at the bottom we usually see a red line pump (=first not sustainable price reaction). It usually takes 2 red lines pumps with green and white at the bottom before starting a true new sustainable bullish cycle pump.
Note
This is another simply representation of what we could expect.- Macro higher low end of year (with some small pumps in between)
- Up first half of 2024
- Down second half of 2024+2025 (with some small pumps in between)
- Macro lower low end of 2025
- Up
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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.