HOPIUM ALERT!
I zoomed out to the 1 Month chart for BTC and it looks like we are potentially going to see some major moves in the near future.
A couple interesting items:
1) The RSI has started to rise from an all-time low. The green-dotted line is the previous support area that is now acting as resistance. If it can break to the upside, there could be a major run up.
2) The MACD is consolidating towards the center as the bands are coming together as well, this could flip green in the near future.
3) The volume is decreasing to the apex, which should prompt for a major move.
4) I set the fib from the $200 range to the all-time high $69k peak. If the price can break upwards from the $21k level, we could see a massive trend reversal. The fibs are upwards of $250k - $300K.
As we know, each bull run has dwarfed the previous. To me, this market looks like it is going to melt faces soon.
What do you think?
None of this is financial advice, only opinion.
I zoomed out to the 1 Month chart for BTC and it looks like we are potentially going to see some major moves in the near future.
A couple interesting items:
1) The RSI has started to rise from an all-time low. The green-dotted line is the previous support area that is now acting as resistance. If it can break to the upside, there could be a major run up.
2) The MACD is consolidating towards the center as the bands are coming together as well, this could flip green in the near future.
3) The volume is decreasing to the apex, which should prompt for a major move.
4) I set the fib from the $200 range to the all-time high $69k peak. If the price can break upwards from the $21k level, we could see a massive trend reversal. The fibs are upwards of $250k - $300K.
As we know, each bull run has dwarfed the previous. To me, this market looks like it is going to melt faces soon.
What do you think?
None of this is financial advice, only opinion.