Bitcoin Overall: 2 scenarios and HOW TO KNOW
2025-01-13
Category: None

Scenario 1: This is merely a counter-trend move before another impulse down, to make new local lows.

Scenario 2: This is the start of a new trend, with the major move down likely over

HOW TO KNOW:  The strength of the upcoming "thrust" (or lack thereof) will be revealing. 
1) Hitting the first resistance or higher resistance then pulling back or struggling to get above is -> Scenario 1 is likely in play. Exit any longs and go short is my recommendation
2) A strong move up closer to the local highs indicates a far lower likelihood of making new lows. One more thrust should follow such a case after another consolidation phase.


