Do you see it?
Scenario 1
Retracement to 50k to begin the accumulation phase.
Institutions will keep accumulating at these levels.
Cup and Handle pattern confirmation.
We are on the way to $ 100,000
Scenario 2
Cup and handle as a bite
Institutions and hedge funds use 7OK - 75k as an exit strategy
to unload when demand is high while avoiding shocking the market
Scenario 3
Scenario 2 is confirmed and we are going back to 30k before continuing in our long-term trend direction to 100k
Scenario 1
Retracement to 50k to begin the accumulation phase.
Institutions will keep accumulating at these levels.
Cup and Handle pattern confirmation.
We are on the way to $ 100,000
Scenario 2
Cup and handle as a bite
Institutions and hedge funds use 7OK - 75k as an exit strategy
to unload when demand is high while avoiding shocking the market
Scenario 3
Scenario 2 is confirmed and we are going back to 30k before continuing in our long-term trend direction to 100k
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.
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.