jackrabbitrage

BTC Possible Middle Term Scenario

לונג
jackrabbitrage מעודכן   
BINANCE:BTCUSDT.P   Bitcoin / TetherUS PERPETUAL CONTRACT

The bear market shouldn't have been over, but we are likely in a relief rally if the price rises above the threshold of around (21600-) 21800.
Beware of still possible correction before the actual bullish move.

Long until December, and maybe short (in January) at 33.5k-34k.
If the market is more bearish, the downtrend could resume at 28k-29k.

I changed my view because the bullish dragon in the related idea now seems to have been active.
The chart and annotation would be self-explanatory: the keys are harmonic patterns and Fibonacci.

To those who hate Gann Square and arcs: Ignore them, or ignore this idea. It's simple. Think twice before you post anything in the comment area.
הערה:
Daily TF magnification.
הערה:
Correction. Bullish Dragon's 0.786 is 29k.

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