Hello people!
This is not the financial advice nor any expert view as most of You is more experienced and educated than ME so bear that in mind! Thanks.
As I see it we have two options after what last dip hasnt seen some bigger volume to push the price higher and turn the sentiment into more bullish thing (Yellow circle 1, denied path of green trend).
O1 - We will move sideways for sometime until some huge investment takes place. Then we will start our next rocket flight.
O2 - One more sell off to the 43k support with a medium fast dip creating the local bottom followed by huge rise (Yellow circle 2, quick price action with purple line, bull continues).
As for RSI there is still some space to drop on weekly chart to the long term supports. (Cant post the pictures cuz of low reputation :( ... oh well)
Lets see what Bitcoin does next. Be aware of big players moving the price in high pace and with big differences.
Be happy with your trades and stay safe.
Cheers!
This is not the financial advice nor any expert view as most of You is more experienced and educated than ME so bear that in mind! Thanks.
As I see it we have two options after what last dip hasnt seen some bigger volume to push the price higher and turn the sentiment into more bullish thing (Yellow circle 1, denied path of green trend).
O1 - We will move sideways for sometime until some huge investment takes place. Then we will start our next rocket flight.
O2 - One more sell off to the 43k support with a medium fast dip creating the local bottom followed by huge rise (Yellow circle 2, quick price action with purple line, bull continues).
As for RSI there is still some space to drop on weekly chart to the long term supports. (Cant post the pictures cuz of low reputation :( ... oh well)
Lets see what Bitcoin does next. Be aware of big players moving the price in high pace and with big differences.
Be happy with your trades and stay safe.
Cheers!
Comment:
Fear & Greed index as of yesterday and tooday is around 27 (FEAR). We may not see drop to 42k. Option 1 70% | 30% Option 2.
Comment:
Option 2 went in but much slowly than I thought. Its a walk downwords to the positions with higher liquidity. We have seen 43k support holding pretty well for sometime but then it just broke and so far we failed to find any higher buyers momentum, the volume is not there.
We are looking either for a bounce at some support like 35, 32 or even at 30k or for some random big bounce which will start next bull run.
Alot of people says that BTC is now like BTC without Musk. So even with that if there was some need for coorection then thats 43-45k -50% = 22-25k as a buying scenario. Hope you are safe during this fall and lets see what this madness does next ;)
We are looking either for a bounce at some support like 35, 32 or even at 30k or for some random big bounce which will start next bull run.
Alot of people says that BTC is now like BTC without Musk. So even with that if there was some need for coorection then thats 43-45k -50% = 22-25k as a buying scenario. Hope you are safe during this fall and lets see what this madness does next ;)
Possible hidden divergence (30,1h) - bearish.