These are two separate chart areas that look very similar to me so far...
This last weeks price action has reminded me a lot of the $24k rising consolidation area and so far things are playing out very similarly.
If these two charts keep matching... BTC may be about to blast through $60k likely to $70+ quickly then sharp dip back to $52ish then rocketship?
So far price is matching this pattern very closely but I can agree price is way overextended and anything can happen, just pointing out a pattern Im seeing.
This last weeks price action has reminded me a lot of the $24k rising consolidation area and so far things are playing out very similarly.
If these two charts keep matching... BTC may be about to blast through $60k likely to $70+ quickly then sharp dip back to $52ish then rocketship?
So far price is matching this pattern very closely but I can agree price is way overextended and anything can happen, just pointing out a pattern Im seeing.
Comment:
This was obviously not perfectly correct lol, but as I mentioned I turn bearish if we lost $55,500 and we did.
The charts are still similar PA but now this drop looks more like the $40k fast drop..
That move resulted in a bullish bounce out.. not sure about that here now but is definitely possible.
If we lose the last low, $35-$42k is likely incoming.
The charts are still similar PA but now this drop looks more like the $40k fast drop..
That move resulted in a bullish bounce out.. not sure about that here now but is definitely possible.
If we lose the last low, $35-$42k is likely incoming.
Comment:
In a choppy decisive period now, Ive been leaning bearish since break of last $55,500 fake swing low but PA still looks most like the $31k area dump/consolidation at the moment.
I will start leaning back bullish if $55,700-56k area breaks to the upside/holds and will be fully long again if $57,400 breaks. The above charts are still similar and eventually broke up after PA like this but this can go either way atm.
Always have my HODL position on but no trading position for now, If we get the big drop down to low $40s Im fully prepared and will load 75% back up.. any price in the $30s is an immediate grab for me.
I will start leaning back bullish if $55,700-56k area breaks to the upside/holds and will be fully long again if $57,400 breaks. The above charts are still similar and eventually broke up after PA like this but this can go either way atm.
Always have my HODL position on but no trading position for now, If we get the big drop down to low $40s Im fully prepared and will load 75% back up.. any price in the $30s is an immediate grab for me.
We have supply shock happening, dips being snatched up lighting fast, so far Im leaning more towards $60k being blasted through, first try just like $30k. Just have to wait and see, I may lean bearish if we lose the last dip around $55,500 again.