If BTC closes without dump in next hour and continue with green candle next day it will create bullish divergence on 1h, 4h, 12h and D chart.
Previous setup didn't played out as expected, 58-59k resistance was too strong. This region is strong resistance: previous support/resistance zone, VWAP from 40k low (blue line) and upper pattern boundary!
If we close above 59k and successfully retest that level I expect 62-63k region very fast. When and if we reach this level I'm planning to sell some allocation because I expect some whale game here.
I still think that we didn't see enough blood. I see in coming day short liquidation and push to 62-63k region, then another dump to liquidate long and demolish everyone over bullish sentiment.
Most of my orders are in 50-52k region + some wick hunt order in 47-59k region (VWAP from 30k bottom - blue line).
If this setup plays out I don't see BTC over 100k until end of the year as many predict. Even if we continue to new ATH without another leg down, 100k isn't that close.
Every cycle is longer and it's not realistic expect market top to match previous (2017/18 top was in December/January).
Nothing terrible will happen if we reach a climax few month later!
Thanks!
Previous setup didn't played out as expected, 58-59k resistance was too strong. This region is strong resistance: previous support/resistance zone, VWAP from 40k low (blue line) and upper pattern boundary!
If we close above 59k and successfully retest that level I expect 62-63k region very fast. When and if we reach this level I'm planning to sell some allocation because I expect some whale game here.
I still think that we didn't see enough blood. I see in coming day short liquidation and push to 62-63k region, then another dump to liquidate long and demolish everyone over bullish sentiment.
Most of my orders are in 50-52k region + some wick hunt order in 47-59k region (VWAP from 30k bottom - blue line).
If this setup plays out I don't see BTC over 100k until end of the year as many predict. Even if we continue to new ATH without another leg down, 100k isn't that close.
Every cycle is longer and it's not realistic expect market top to match previous (2017/18 top was in December/January).
Nothing terrible will happen if we reach a climax few month later!
Thanks!