Accumulation means accumulation.
Short term:
A) quick pump, then down, then deviation (yellow line), then trend range down, then deviation to 1st of Jan 2021, then up.
B) quick dump, then up, then A)
Long term:
A) meltup after accumulation, then down
B) Up then down again after halving
See chart.
This is one of the scenarios I'm watching.
Short term:
A) quick pump, then down, then deviation (yellow line), then trend range down, then deviation to 1st of Jan 2021, then up.
B) quick dump, then up, then A)
Long term:
A) meltup after accumulation, then down
B) Up then down again after halving
See chart.
This is one of the scenarios I'm watching.
Note
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Bitcoin Note
Alternative total scenario: bad Note
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Honestly, regarding total3...i wouldn't be surprised:Note
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These are my probabilities:- 100% mid range retest
- 50% retest of quarter level
- 25% retest of 1st of Jan 2021 levels
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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.