BTC post halving cycles peak Q4; a possible scenario cast using volume by price and local tops as potential support
ETH ecosystem since the start of the bull run. Tracking for beta
Generally I'm a contrarian and my philosophy is, "the market likes to disappoint". So who would be more disappointed? The people who want a lower entry point to buy in, or the people who see a bull flag and expect a break out? It's a tough question. From a TA perspective, it's hard to find a more perfect long setup. But when something is too perfect, it can...
Mostly I post these privately for my own use, but you can count me among the silver bulls. Trying to refine my TA a bit but was happy to see my first target hit on XAGUSD (and SLV) today. Expecting a ST pullback before next target is ~$18.50. This would correspond to somewhere around $17.00 or higher on SLV.
Unfortunately, I don't think BTC is anywhere near a bounce. The markets have a tendency to do better than expected when things are good, and worse than expected when they're bad. I hate to say it but I think a 50%+ further decline from here is possible. BTC likes to tap previous highs. And the trendline & fibonacci roughly coincide with ~$4500, which also puts...