BTC is in a very interesting place right now, there is sign of buying on weekly charts but is it what ppl call "Dead cat bounce" or whales pushing the liquidity in.
My personal target is 25k, if and when that reaches, I would short and wait for it to pre 2017 levels.
So long till 25k, then get everything out of the market.
I'd rather expect a 2015-like range between 16k and 25k until this summer. The current situation has nothing comparable with 2019, I don't see why whales would not chose to accumulate longer. SP500 is currently retesting its yearly pivot point, we'll see. Anything below 14k is now out of the picture with buy volumes now visible on the weekly TF.
The current situation has nothing comparable with 2019, I don't see why whales would not chose to accumulate longer.
SP500 is currently retesting its yearly pivot point, we'll see.
Anything below 14k is now out of the picture with buy volumes now visible on the weekly TF.