Blockchain_Roller_Coaster

BTC GAME of FIBs - Cash Zone $6800 - $7800

Short
BNC:BLX   Bitcoin Liquid Index
The volume isnt enough to penetrate (after several attempts) the historical confluence of both 2017 and 2019 (mini version) bull runs runs resistance channel ceiling amidst critical fib levels.

Expect it to come back down to ~6k levels (possibly wicking down to $5800) with high probability for a dead cat bounce to finally start the real accumulation phase creeping up to the Halving..

HODLERs could be in cash unless BTC decisively breaks past $7800 (with big volume) or below $6800 (with big volume; more probability). Unless you have cash on the side to buy more dips.

Eventually BTC shall rise to the throne.

Well, just a thought over my evening ~COFFEE. Not a financial advise.

Thanks a ton. Please like if it provides some insight. Appreciate it in advance.

~~ CHEERS *|*

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.