Yesterday I spotted we are doing exactly the same move as previously in the trend, as we are testing the Ichimoku Cloud support.
I believe this is the BTC algorithm playing out and shaking out the weak hands, before the next leg up to 80k, which is an inverse head and shoulders target from the weekly chart.
This dip coincides with the new variant covid news, and I am sure this made even more people panic sell. I am holding tight to my alts!
I waited to see today and it confirms my suspicion that the exact same move can play out again.
I believe this is the BTC algorithm playing out and shaking out the weak hands, before the next leg up to 80k, which is an inverse head and shoulders target from the weekly chart.
This dip coincides with the new variant covid news, and I am sure this made even more people panic sell. I am holding tight to my alts!
I waited to see today and it confirms my suspicion that the exact same move can play out again.