Finally getting some good old triangular structure after a week of pure pumpage.
Then it topped that on 17 December 2020. Ethereum made its first famous all-time-high on 13 January 2018. Then it topped that on .
In only 3 minutes. Huge long squeeze. Some sideways action with bullish bias to ensue.
Symmetrical triangles are inherently 50-50 - but I'm always bullish Bitcoin!
Up significantly for this month already. As long as we don't flame through 55k within 3 weeks, I wouldn't argue we are going "too fast'. This is how bull markets are.
Not out of the waters till 32k, but a 30k headline going into 2021 would of course ignite some serious FOMO. I'd watch & enjoy the ride and not go leveraged long or short here.
The last legacy trendline from August. Pure blue skies after 29500 imo.
Seems like a positive last week of the year is upon us - and what a year it has been!
Very curious about the US open tomorrow. Largest CME gap ever, massive GBTC premium mismatch. I would stand aside and watch.
Some bullish bias given we are printing higher lows on the daily candles but a correction to defo 21k in play.
Looking neutral at worst, extremely bullish at best. Only upside from here imo.
I don't expect another pullback, neutral till we flip 23400 to support. Some good cool-off may ensue.
$22k holding strong, onwards and upwards in the coming week with the stimulus/vaccine tailwinds.