HVP has not indicated that we have met a new high in terms of volatility and MM is not showing signs of an upward break.
This indicates we may follow the previous trend BTC has followed throughout conception.
Previously after we reach an ATH, we retrace back down to our logarithmic curve and bounce along it multiple times before rallying to a new ATH.
Currently we have only had one real dip between our current ATH and where we are now.
It is possible we will retrace back to around 7000 before again bouncing to a new ATH.
SHORT TERM BEARISH, LONG TERM VERY BULLISH.
This indicates we may follow the previous trend BTC has followed throughout conception.
Previously after we reach an ATH, we retrace back down to our logarithmic curve and bounce along it multiple times before rallying to a new ATH.
Currently we have only had one real dip between our current ATH and where we are now.
It is possible we will retrace back to around 7000 before again bouncing to a new ATH.
SHORT TERM BEARISH, LONG TERM VERY BULLISH.