I Keep seeing people Screaming and thumping the desk. WHY ?
#BTC PA still in upper half of Range but, as ever, the possibility of a Drop is ever presant.
But, for now, PA is holding up very well.
I see people also scrambling to buy ALTS - But there is NO guarantee they will rise.
Should BTC Jump up and BTC.D also rise, the ALTS will Bleed. And with that Fib circle ( 12.618) heading our way, I think we may see that and then PA may run down the Top of it as it has done previously.
It could be said we are in an ascending Triangle. while inside the range, the chances of a push up are higher than a Drop, even if that would make a new ATH.
Though, hitting that on the Halving day could lead to all Kinds of Issues if people loose faith.
Volume has been dropping
BTC.D is still ranging High in its range and is also getting squeezed, with an apex around that Halving date.
ALTS may well Bleed heavily to start with but, as ever, we MUST See any of this happening before you make a Move. Have a plan for all occasions.
This is NOT Advice or anything based on any kind of financial wonderstuff....
Just what I see and Time will tell if I am correct