We got to a interesting point where longs are pretty high while touching the previous high point.
MACD is starting to lose momentum.
RSI needs some rest as well.
This could be the end of the first high.
The next days will define if we will continue to go north or back south.
Any way, it would be good if we get now into an accumulation zone where the 55 EMA could act as support.
This would be a perfect timing for building the next high right around the BTC halving.
The other possibility is that buyers ignore all the TA and enter the market causing a similar situation like we did in 2017.
Even if many got burned the last time, I think too many don't know what crypto is. Those could FOMO like crazy.
MACD is starting to lose momentum.
RSI needs some rest as well.
This could be the end of the first high.
The next days will define if we will continue to go north or back south.
Any way, it would be good if we get now into an accumulation zone where the 55 EMA could act as support.
This would be a perfect timing for building the next high right around the BTC halving.
The other possibility is that buyers ignore all the TA and enter the market causing a similar situation like we did in 2017.
Even if many got burned the last time, I think too many don't know what crypto is. Those could FOMO like crazy.
Comment:
Nailed it