BitcoinLong
Pullback then Pump?
Possible scenario based on FRT.
In short term we could hit 31k, and in short term we could also see a 40% pull back down to 18k or wick into 16-17k then pump back up to close to 40k.
With the price higher than before, a sell off is not at all far fetched.
However, if the prices do go down to 18k again that would be a huge discount for all parties to buy back and gain from the difference.
This action would cause another surge of price action buy:sell orders.
This may also drive another short-term Atl Season.
Speculation only. Not 100% accurate.
In short term we could hit 31k, and in short term we could also see a 40% pull back down to 18k or wick into 16-17k then pump back up to close to 40k.
With the price higher than before, a sell off is not at all far fetched.
However, if the prices do go down to 18k again that would be a huge discount for all parties to buy back and gain from the difference.
This action would cause another surge of price action buy:sell orders.
This may also drive another short-term Atl Season.
Speculation only. Not 100% accurate.
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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.