We look at the WEEKLY BTC chart and how price is consolidating into a tight price action that must break in the next 14 days.
We have two choices here.
BTC gains steam from the current small chart bullish reversal trend and smashes 10k within the next 2-3 weeks.
Or
BTC double tops or makes a lower high than 10k and sells off very very strongly. (The signal to the big money that BTC is NOT READY TO HEAD NORTH)
A breakdown and sell off at the 10k Level would probably be a serious bearish correction that may test the DEATH LINE (THE ascending trendline currently at $6800)
This is the FINAL RUN AT 10k...it must break or it will be sold-off HARD.
BIG MONEY WILL STAY IN A LONG POSITION AS LONG AS KEY LEVELS LIKE 10k GET BROKEN.
IF NOT...THEY WILL DUMP...BIG POSITIONS.
Think of it...why hold BTC long-term if it fails 2 times to break 10k ?
We have two choices here.
BTC gains steam from the current small chart bullish reversal trend and smashes 10k within the next 2-3 weeks.
Or
BTC double tops or makes a lower high than 10k and sells off very very strongly. (The signal to the big money that BTC is NOT READY TO HEAD NORTH)
A breakdown and sell off at the 10k Level would probably be a serious bearish correction that may test the DEATH LINE (THE ascending trendline currently at $6800)
This is the FINAL RUN AT 10k...it must break or it will be sold-off HARD.
BIG MONEY WILL STAY IN A LONG POSITION AS LONG AS KEY LEVELS LIKE 10k GET BROKEN.
IF NOT...THEY WILL DUMP...BIG POSITIONS.
Think of it...why hold BTC long-term if it fails 2 times to break 10k ?
Seeking.