Hope all your trades are going well,
Market Sentiment has to Change…
In order for the market sentiment to change for BTCUSD ; HODLERS of last resort will need to Capitulate before we can move up. Which in my opinion will be extremely difficult.
When I state HODLERS of last resort, I do not mean, Moon Boys instead, I believe individuals like myself who got into the Community or Ecosystem for the Tech and Financial Sovereignty years ago.
However, when viewing the chart I tend to keep in mind unconsciously or consciously; Capitulation is not a given but instead its forced. Forcing an individual to sell what he or she believe in because they need the money or believe the coin is going to zero hence, saving their initial Capital invested.
Meaning Hedge funds and Whales forcing the hands of individuals to give up and sell their last bag, Momentarily.
Until then the chart shows we will be trading either sideways or down.
If you believe in crypto why not go down with the boat: Sink or swim; I intend to swim meaning not selling but should I lose all my funds I will be perfectly all right.. I hope you all think of the worst case scenario and find a way to swim. Don't let anyone manipulate you out of your position, unless you want to sell. Remember for any sell order, there is a buyer at the other end of that computer executing on that transaction.
Scenario - Respect the Trend.
-BTC continues the current Downtrend.
-BTC Consistently move sideways for weeks or months or worst;
years to force Hodlers to give up and Sell their bags.
-BTC falls below 2849.8 and continues to 2500 to 2263 to 1800 to 1500.
Scenario - Hopium at its finest.
+BTC get above 4170 and close above it on the .
+BTC make daily higher highs on the .
+BTC makes higher highs and goes and stay above 6136 and close above on the .
Hope this does help someone out there...
Take this with a massive grain of salt
Respect the Game: Learn to Play the Game Ppl