So while playing around with the bars tool, I realized that if you slow down the price progression of 2011-12, it almost matches 2016-19. In doing this, around 2025 should be the point of BTC $1 Million.
What's coin on guys? More and more indicators are showing the bounce is very possible here in this levels, just above 200 MA. You can find divergences on a lot of time frames, including weekly. Not sure if bounce will happen, but with majority of people convinced we are going down, possibility is greater for me that BTC is about to squeze al short possitions opened.
Keep a watch on the US Treasury on the TVC:US10Y and TVC:US02 bonds, as well as the equity market, as these are volatile. CBOE:VIX The Fed will continue to raise rates over the next few weeks. Amazon continues to go through this growth over the next month, but over the next month, sell to minimize losses and buy the dip.
as i painted by lines the averages will never go out of the previous limits and i think for some moments of future the market will go up and then down .. but you can always look at the end of any candle decision and never put or pull if you don't sure where the market will fly for.
Looking at MACD 4C, red candlesticks on volume are decreasing in size, and they will soon turn into green. Moreover, price has broken the resistance trend line. The last 3 candlesticks were all green, which seems to me that the rally has restarted.