In $BTC, we have 2⃣ options ahead of us


A: Continuation of the cycles
B: A break from the cycles and a completely different story
You may remember that after my BTC SELL call, I said that if the decline came fast, it could create a bullish structure for the future. I said that because of my neckline+continuation (RETEST) pattern idea in option B. The main reason behind that was that I couldn't see a right shoulder in the H+S formation. I marked that area with X in B, and I still cannot see it. This strengthens the probability of a break from the cycles and a retest scenario.
On the other hand, in chart A, there is still no problem if it turns from here. I had said that even in the worst case scenario, it would likely find a bottom within the green zone, and I still keep that view.
So how should we behave? Which option may happen? We don't have to predict the future. We need to be able to react dynamically based on the process that unfolds. That reaction point is a monthly close above the $81,516-$82,231 range. With such a close, the reversal could begin.
For option A, I was expecting a bottom base building process lasting 4-9 months, and 2 months have already passed. In option B, there is no issue with the reversal starting immediately.
I hope I explained it clearly.
I recommend making your plans accordingly.
I’m sharing my BTC posts publicly. If you like and repost them, you’d really motivate me to keep the posts coming, friends 🤝 thank you! in advance
BTC-0.3%
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