In previous bear market of 2018 same happened. After a monthly bullish engulfing candle we had reversal. It took 12 months of downtrend before it printed. Now it has printed again. Sentiment have been bearish for months, macroeconomic is crap and war. But funding favor bulls. 😃
Will history repeat or will this time be different? Will it play out and how high will we go? Id like to see 28k neckline. If a reject we should se a W bottom next year before next bullrun commences imo. A close below 17,5k will invalidate my idea and id be looking for 14k. And for ETH I am looking for 22xx. Have you been accumulating during the bear run?
And my own made swing trade indicator have confirmed a buy on daily chart. 70% win ratio since 2018, lets see how many % it will be this time or will it be a loss. Its holding over 900% ROI on both BTC and ETH.
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BTC update - cup&handle led to new ATH! Will the 80k target hit?"
Christopher
Kristiansand, Norway
Source: Photos chart-screenshots by me from Tradingview.com
Legal Disclaimer : Never invest more than what you can afford to lose. I am not a financial advisor and I am sharing my opinion based on speculation. This post is for informational purposes only and provides only my personal opinion. If you make any trades after reading this post, it is completely in your responsibility. I am not responsible for any of your losses. By reading this post you acknowledge and accept that.Read about us? // Main page!
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