Current status of the market-maker cycle (Master Pattern) with BTCUSD. It's currently in the trend phase (to the downside). Trend phase can end at $30k to bounce and continue its uptrend, eventually testing the Average Price line at $58k,
OR the current trend phase can continue to break-down to the next tier, currently set at $20k.
Plotted are a few different scenarios. The exact scenario will become more apparent in the coming weeks when new price action becomes available.
Note: *Logarithmic scale used, *Past performance is not indicative of future results, *Trade only with what you can afford to lose completely (aka, don't trade with your kids' college money!)
OR the current trend phase can continue to break-down to the next tier, currently set at $20k.
Plotted are a few different scenarios. The exact scenario will become more apparent in the coming weeks when new price action becomes available.
Note: *Logarithmic scale used, *Past performance is not indicative of future results, *Trade only with what you can afford to lose completely (aka, don't trade with your kids' college money!)