No TA on this one, just having some fun and testing potential scenarios for bitcoin if the halving works out positively.
IF we drop further this year and remain in the bearish channel downwards, we could enter a 2nd cycle bear market which could inch the above towards becoming reality. Target here is $4500, the perfect accumulation zone.
This scenario is far more exciting than sideways through 2019 towards halvening IMO, or accumulation now resulting in no cheap coins for the deal hunters waiting for a drop. These are equally valid outcomes as the market seems more confident now, adoption growing and with news and excitement surrounding halvening common knowledge, we may find strong hands supporting price at these levels ($8k - $12k...)
We'll know as soon as we are out of this pressure cooker of a triangle.
IF we drop further this year and remain in the bearish channel downwards, we could enter a 2nd cycle bear market which could inch the above towards becoming reality. Target here is $4500, the perfect accumulation zone.
This scenario is far more exciting than sideways through 2019 towards halvening IMO, or accumulation now resulting in no cheap coins for the deal hunters waiting for a drop. These are equally valid outcomes as the market seems more confident now, adoption growing and with news and excitement surrounding halvening common knowledge, we may find strong hands supporting price at these levels ($8k - $12k...)
We'll know as soon as we are out of this pressure cooker of a triangle.