Hello,
Zooming in on my previous idea, we can still definitely wick down to $7500.
Either way we are about to continue parabolic imo, and August/September should be bullish for BTC.
I just think we definitely have the possibility of catching a sharp wick down between the $7500 - $8300 area, with a rapid bounce to follow.
I won't stray from this idea until we have a convincing move breaking the WHITE MA on my chart, until then it looks like we have plenty of overhead resistance, indicating we must go down before up.
If you're already in your longs don't be concerned if you see a sharp move down, because it will most likely get bought up rapidly.
Zoom out.
We are in another parabolic bull run and this one will embarrass the last one, simply put. RELAX.
- CA$HLESS
*NOT FINANCIAL ADVISE, THESE ARE MY PERSONAL OPINIONS*
Zooming in on my previous idea, we can still definitely wick down to $7500.
Either way we are about to continue parabolic imo, and August/September should be bullish for BTC.
I just think we definitely have the possibility of catching a sharp wick down between the $7500 - $8300 area, with a rapid bounce to follow.
I won't stray from this idea until we have a convincing move breaking the WHITE MA on my chart, until then it looks like we have plenty of overhead resistance, indicating we must go down before up.
If you're already in your longs don't be concerned if you see a sharp move down, because it will most likely get bought up rapidly.
Zoom out.
We are in another parabolic bull run and this one will embarrass the last one, simply put. RELAX.
- CA$HLESS
*NOT FINANCIAL ADVISE, THESE ARE MY PERSONAL OPINIONS*
Comment:
*UPDATE* I think we can disregard the move down, white MA got crushed lol I think its bull from here, most likely ATH within a few months tops imo.