What a fantastic run we have and are seeing on King BTC. Ive been super bullish for many weeks now (See previous posts). But i think Bitcoin is into the "Danger Zone" for Bulls like me.
Red box - Danger Zone. Green Box - Area i would like to enter a long. Approx the middle of the box would also be the support for the long 2 year trend line a nice area to bounce from.
This is not financial advice, just my train of thought id like to share and see how it plays out. I think we will see a new ATH on BTC this yeah could well be by the end of Summer. Then i will being to look at Alts, for now, all eyes on Bitcoin.
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Well that escalated quickly! Could see a 10k retest before getting smashed back down below 9k.
But this is Bitcoin, it does what it wants! Trendline (yellow ) still holding up well, as long as we remain above this , we are still Bullish.