The bears have taken the initiative, what's next?
In the previous analytics, we had two development scenarios: green (positive) and red (negative)
The trigger was the level of 53k. which, in the case of a positive scenario, should have resisted.
Now the main scenario is a bearish one, which takes us deep enough that it will not be surprising if we see a price in the 30k area.
What must happen for this negative scenario to be broken? Unfortunately, in this concept of waves, in order for this scenario to break, we need to update the historical maximum ... Until then, we better stay out of the market or wait for a good opportunity to buy when the price drops sufficiently and the chart shows the prerequisites for a reversal.
In the previous analytics, we had two development scenarios: green (positive) and red (negative)
The trigger was the level of 53k. which, in the case of a positive scenario, should have resisted.
Now the main scenario is a bearish one, which takes us deep enough that it will not be surprising if we see a price in the 30k area.
What must happen for this negative scenario to be broken? Unfortunately, in this concept of waves, in order for this scenario to break, we need to update the historical maximum ... Until then, we better stay out of the market or wait for a good opportunity to buy when the price drops sufficiently and the chart shows the prerequisites for a reversal.