as we can see we are in important zone right now that we may have : a. breakout and reaching the targets =a.53800 b.54700 b. or like previous time we may expect some rest here and then again the chance of breaking channel high
If channel break we may have retest after reaching 538000 then after retest that get completed we may reach 54700 too
look at previous analysis linked below
(( BTC is so Strong right now)) be ware of this and you can see two past analysis (below linked) too that both was bullish scenario
<<Traders comment below and let me know your thinking about this analysis even simple ((agree)),((not sure))>>
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ProSignalsFx
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Current growth rate is unsustainable! great job anyway!
j_bones
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@MountainTraderFX Needs to grow faster. Far slower growth compared to 2013 or 2017. We needed these institutional investors in 17’ and adoption has become so accessible via apps to buy and safely hold, more money than ever is being invested in crypto. Days of 30-40% pull backs are over. 50k bitcoin is still a great buy.
Mikkel_Fred
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@j_bones, I'm genuinely interested in why the days of 30-40% pullbacks over?
morgan9471
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@Mikkel_Fred, that's just delusional thinking. For some reason people think that every bull run has some sort of built in memory of how it went the last time and it will repeat itself, note for note. Nothing goes up in a straight line, bubbles pop. Best time to buy BTC? When everyone was guaranteed it's never going to recover in 2018 and early 2020. When everyone is guaranteed it's never going to pull back, it's time to sell.
Mikkel_Fred
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@morgan9471, I'm not quite sure what you mean. Was my comment delusional? I'm not saying that I think it's going to do a 30% pullback.
But what you are saying is that BTC won't go through a pullback just based on the history of it. But you are also saying that you should sell when there's too much euforia and nobody thinks it will do a pullback? Please correct me if I'm wrong or have misunderstood something. I'm a bit confused.
fluxus_trader
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@MountainTraderFX compared to what? the game has changed...