FORESIGHT OF BITCOIN'S ACCUMULATION PHASE:
I get the feeling we need to go back to basic as close as this unless total capitulation repeat next year in 2023.
I have been missing out to publish this BTC chart. Man! Too much Ethereum makes a person drunk. 😃
And I feel like I always approached onto person who don't have interest in Crypto fundamentals in real life. They are buying government bonds and faith inter-related funds that used to gives them 16% dividend FD rate which now only fruited down to 4% per annum. These...
The world Stonks that dived have affected BTC. At this rate BTC could correct down to average 9,962 further. It is at the Higher Low of the Bollinger Band (top of the lower part of Bollinger Band)
Look at the indication of White Bearish Cross confirmation on these three category of 4HR, 12HR, D.
When BTC closed is below 10,900 by end of this week and next week ....
BTC holding between 9,825 to 10,495 area for about coming to a week now.
Focus on the MACD and RSI on weekly macro movement.
Many expect a small dip around 9658 and Long placement also significant.
I wouldn't bulge on small dip and love to see fall say about -20% in the next week.
It would be appropriate to create a handle for a cup while shaking off holders...
Uncle Sam keep on coming out to play. Whenever there are overwhelmed of SHORTS, they got liquidated. And whenever there are overwhelmed of LONGS, they got liquidated. Fools money are getting REKT.
Anything below 58.79 of BTC Dominance would have send it below $10K.
Meanwhile The DeFi Effect continues, a few DeFi clusters alt is doing overly well, many altcoin remain neutral while other's that only paired with USD is getting squeezed.
2020-09-05, BTC Weekly chart creates perspective onto the triangle drawn. We are seeing the coming of another try of over $12k or another future gap closure of $9.6 when $10.5k doesn't sustain.
