Yesterday's forecast has been accurate so far, but I now think we are likely to seek liquidity with a lower low before the bull run starts.
I expect an "honest" bottoming head and shoulders, which indicates confidence returning, which will accumulate stop losses at the lower low - which then become the target for a liquidity hunt.
I expect the lower low to be short lived, before we bounce to the original target of the H&S.
Longer term view:
Shoutout to MyCryptoParadise_Nathan for starting me down this line of thinking. Don't worry I won't blame you if it doesn't work!
I expect an "honest" bottoming head and shoulders, which indicates confidence returning, which will accumulate stop losses at the lower low - which then become the target for a liquidity hunt.
I expect the lower low to be short lived, before we bounce to the original target of the H&S.
Longer term view:
Shoutout to MyCryptoParadise_Nathan for starting me down this line of thinking. Don't worry I won't blame you if it doesn't work!
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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.