Given the lack of exuberance I expected to see at rally Point A when the stops would be hit I felt the need to re-examine the chart and make updates.
Blow you will see how the trend, although slowed, is still in place with Bitcoin under the new resistance. The overall pattern I have drawn will remain for now.
Barring a exuberance on price rally my outlook remains short the the MEAN TARGET area.
Blow you will see how the trend, although slowed, is still in place with Bitcoin under the new resistance. The overall pattern I have drawn will remain for now.
Barring a exuberance on price rally my outlook remains short the the MEAN TARGET area.
Commentaire:
My apologies for the typos. The red line below MEAN PRICE TARGET is the "Overshoot" area.