This path would be quite healthy for BTC, small blowoff top then a slow retrace while not breaking under 1W cloud. ALTS would have a chance to tale few % of market cap while BTC gathers strength and creates a really strong bottom support. Reality of the situation is that there are too many euphoric people, everyone thinks it will pump and it is too quick and too LOUD. I met some people that sold at a loss (bought above 10k) just now after holding through the whole bear trend and not to buy lower, to get out!! We have to retrace a bit just to give them confirmation and then leave them behind till 30k+.
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Here is how DOGE looked when people thought it has bottomed and is going to ATH and beyond. Even oscillators align... People are euphoric and it is not healthy. Dont take me wrong I want new ATH like the next guy but this is not healthy IMO
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Topped off as anticipated. This is what I am seeing. Really want to test 8k after that we see if we are really in a bull market or just at the desperate attempt at it...
www.tradingview.com/chart/EQMX1Bir/
www.tradingview.com/chart/EQMX1Bir/
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Sorry worng link
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Going according to plan. First target reached at $9800. Adding bids lower, actually spot bought at ATM for roughly $9750. Bearish short term until we first break downtrend line.
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$BTC topped in the same fashion as $DOGE in this fractal. Mind you if $BTCUSD consolidates in the same trend, the bottom could be as low as $6200. We will see if we reach $8k area. This would actually be healthy + give us a chance for #altseason.
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Worked out, expecting a squeeze in the next 2-3 hours. Personally I am leaning short short, but I have triggers on these lines for either way.
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Current game plan. Still expecting one more bulltrap.