Well with all the bullishness lying in the air, I thought I'd make a more bearish chart.
I mean, not really bearish, only short term bearish. Longer term of course, BTC is uber bullish.
It's really hard to say what BTC will do, but we have very solid support at 6.3K, where the volume profile indicates extremely strong support!
Let's see! Not much more to add here. The orange line is the possible future daily MA200.
I mean, not really bearish, only short term bearish. Longer term of course, BTC is uber bullish.
It's really hard to say what BTC will do, but we have very solid support at 6.3K, where the volume profile indicates extremely strong support!
Let's see! Not much more to add here. The orange line is the possible future daily MA200.
Comment:
BTC is pushing further and this scenario is about to be invalidated.
I was thinking about the reasons for this whole move, and published this chart where I explain what could be happening here:
I was thinking about the reasons for this whole move, and published this chart where I explain what could be happening here:
It could do one of my other scenarios, where it goes directly to around 20-25k:
Or the extreme case, which we of course all like:
I just know that at some point it has to do a large correction, the longer it fights it, the larger it will be. That's just bitcoin. So I hoped we'd get some nice consolidation, but BTC wants to push on as it appears, hehe.