Rest assured that the White Walkers (bankers & wall street backers) will try to break this impenetrable wall again in the next few days (Wyckoff's Spring). Unless they have a fire-breathing zombie dragon (big bad FUD news) which I don't anticipate any, this Wall shall remain standing strong. If you are bitcoin supporter, defend the wall. The white walkers will lose this battle (or not).
Those who followed my previous charts should be familiar with the green and yellow . These two support-turned-resistance will be the first obstacles faced by the bulls after the Spring. If the trend stay true to the Wyckoff phases, then the next few months will turn a lot of basement dwelling techie teens into filthy rich pricks, especially those who invest in alts. Otherwise, well... they will just remain as basement dwelling techie teens - you can't get any worse than that, right? :)
It is crucial where price bounce as we go down the sewers. If we bounce from 6,000, then everything is cool. On the other hand, if we bounce from 6,100 - 6150, then we
could be in deep shit. I am restraining further info and will reveal when the time is right. For now, keep a close eye on the 1-hour chart.
We bounced off the 50 weekly in that surprise short squeeze of April. We are now way, way under the 50 weekly. Next target 100 weekly MA.