BitcoinLong
#BTC 75% Draw Down Bullish Mid Cycle
A BULLISH scenario may be in play
There are 2 mid cycle 75% Draw Down Scenario at play.
2013 & 2020
The entire market is on a knifes edge, waiting for a move.
17.5k will nee to be breached and there could be an explosive upward march to 23k.
The resistance will need to be broken to make a sound decision to determine if it is a mid cycle bullrun, if
23K is breached leaving the entire market waiting for the dip.
============End Bullish scenario
Currently Bearish waiting on the 85% BTC Draw Down narrative below:
Market Psychology: Nearing the end of the "ANGER" Stage waiting on the retrace.
1.bp.blogspot.com/-cgxftGv_nv0/XV1fMCt4VVI/AAAAAAAABBw/L6D0cG0gX7IxuxjKntFdUv77-rc6ZMQGgCLcBGAs/s1600/marketcycle.png
There are 2 mid cycle 75% Draw Down Scenario at play.
2013 & 2020
The entire market is on a knifes edge, waiting for a move.
17.5k will nee to be breached and there could be an explosive upward march to 23k.
The resistance will need to be broken to make a sound decision to determine if it is a mid cycle bullrun, if
23K is breached leaving the entire market waiting for the dip.============End Bullish scenario
Currently Bearish waiting on the 85% BTC Draw Down narrative below:
Market Psychology: Nearing the end of the "ANGER" Stage waiting on the retrace.
1.bp.blogspot.com/-cgxftGv_nv0/XV1fMCt4VVI/AAAAAAAABBw/L6D0cG0gX7IxuxjKntFdUv77-rc6ZMQGgCLcBGAs/s1600/marketcycle.png
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