Hello, the short term rise scenario has played out (1st idea linked below). However, Shorts are at the all-time lows (2nd idea) and Longs are at a possible reveal point, as you can see from the chart. Most crowded trades are usually not the best. Next days and weeks will be crucial, but I still expect a correction to wipe out all those longs, before the bull run can start.
In the long term I am extremely bullish as we are approaching the breakout to the downside of this triangle, which always signaled a bull run after past halvings. There is also the chance we already broke it, if a more aggressive trend line is drawn.
In the long term I am extremely bullish as we are approaching the breakout to the downside of this triangle, which always signaled a bull run after past halvings. There is also the chance we already broke it, if a more aggressive trend line is drawn.
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