BTC Possible Middle Term Scenario
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The bear market shouldn't have been over, but we are likely in a relief rally if the price rises above the threshold of around (21600-) 21800.
Beware of still possible correction before the actual bullish move.
Long until December, and maybe short (in January) at 33.5k-34k.
If the market is more bearish, the downtrend could resume at 28k-29k.
I changed my view because the bullish dragon in the related idea now seems to have been active.
The chart and annotation would be self-explanatory: the keys are harmonic patterns and Fibonacci.
To those who hate Gann Square and arcs: Ignore them, or ignore this idea. It's simple. Think twice before you post anything in the comment area.
Nota
Daily TF magnification.Nota
Correction. Bullish Dragon's 0.786 is 29k.
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