Seeing definate exhaustion in the trend here, marginally higher highs with more aggressive sell offs each time, had our first lower low put in on the daily now, expecting a dead cat bounce forming the right shoulder. Way too much hype in this space right now and we need a cleanse before upside continuation. See you at 30k ladies and gents
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Right shoulder forming nicely, temporary bounce off neckline. I am expecting a big bounce around 39k, and tbh that could be the end and target will underperform, too early to tell, it depends how fast things are moving as i expect june to close green for bitcoin.
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Target hit.
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Bounce happened too fast, looking for the wick to be filled, 32k target