BTC will keep going sideways with Lower local high till mid JULY
MA20 MA50 MA100 all pointing down
RSI short term small trend up but with general medium term strong down trend.
Mid July packs a lot of options that are expiring on BTC.
In my opinion we will see a great dump by mid JULY towards 20-23k.
from that point anything from 10-19K will not look that unthinkable.
one more thing on my mind:
The composite man has shown us a perfect wykof pattern up to a few days ago.
Making everyone think - we are about to spring and sky rocket.
In a market full of manipulation and traps, in which the big whale players change the value with a sneeze,
where algo bots are ticking price up and down by 1K in perfect 1min wicks,
where institution pick up any coin possible at the deeps of 30K (look at all the massive correction candles after each drop) -
one thing is sure, what they want you to see with your eyes and your short term TA - might just be another deception.
Personally, I dont plan to jump on the new bull run hype until BTC breaks 45K and up with some nice green candles.
Overall I am leaning towards a dive towards the past all time high of 19-20K with some overshoot towards 16-18K from which point, honestly, any BTC acquired is digital gold.
Trade carefully friends!
RSI short term small trend up but with general medium term strong down trend.
Mid July packs a lot of options that are expiring on BTC.
In my opinion we will see a great dump by mid JULY towards 20-23k.
from that point anything from 10-19K will not look that unthinkable.
one more thing on my mind:
The composite man has shown us a perfect wykof pattern up to a few days ago.
Making everyone think - we are about to spring and sky rocket.
In a market full of manipulation and traps, in which the big whale players change the value with a sneeze,
where algo bots are ticking price up and down by 1K in perfect 1min wicks,
where institution pick up any coin possible at the deeps of 30K (look at all the massive correction candles after each drop) -
one thing is sure, what they want you to see with your eyes and your short term TA - might just be another deception.
Personally, I dont plan to jump on the new bull run hype until BTC breaks 45K and up with some nice green candles.
Overall I am leaning towards a dive towards the past all time high of 19-20K with some overshoot towards 16-18K from which point, honestly, any BTC acquired is digital gold.
Trade carefully friends!