If Bitcoin continues to follow the same pattern that played out in May, then this would most likely be the path it takes. To invalidate the May pattern BTC would need to break above $48,500.
The $37,000-$39,000 range would be a good entry for anyone looking to make a swing trade back to the $45,000 - $47,000 range.
Ultimately we should expect to retest the $29,000 - $31,000 range in the upcoming month.
Thank you for viewing my post!
Just a reminder that this is not financial advice.
Lord of bull is sleeping Bellow 30 he just sneeze and send u flying at 52, his son is waiting at 38 his minion at 40,5, come bear am waiting at 40,5 let's talk bout life and go to all time heaven together.
Because Bitcoin always follows the most obvious pattern seen by everyone :)
blueboy356886
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@Mikanoshi Were is the volume for such bullish momentum past ATH?
Mikanoshi
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@blueboy356886, those who believe in new ATH are hodling, those who don't are waiting in fiat. Exchange outflows are record high, supply shock incoming, it's easier to move the price. It went from 30 to 50 on low volume, can go higher until bears FOMO in.
blueboy356886
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@Mikanoshi, LOL, look at volume leading up to ATH, was 2-3x what it is now. There is no momentum. This crash proved it, as far as I can see.
velizmd
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Thank you!
Danubio
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Thank you for sharing, that's my thoughts too
Nutty_Trader
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@Danubio, thank you for viewing! Let's wait and see what happens.