Everybody is screaming and heading for the exits! Why? We are still bullish, just need to bounce on the lower level of the upward sloping channel. This isn't that hard!
trendfollowing analysis with moving averages on the 4h and daily
....here are the S and R lines to concider. Everything else right now is to guess, this is the only thing that make sense no matter how crazy it seems!
Always many ways to see things, but in the 1 hour timeframe the bear flag is loosing momentum and i give it 66-33% chance of going down now... This is only short term! The funding rate flipped negative yesterday, stay away from long term short trades!!
....and the funding rate and volatility is all indicating higher levels, espacially as many people are calling for a much lover btc!
...amazing how well it keeps the range!
No doubht about it, its trending up in a channel..should break to the upside, the fundamentals has never been stronger!
When in doubt- zoom out! Time is really running out now, its time to buy, now or later for much higher levels.
Fork analysis is very reliable. It shouldn't go much lower. No guarantees made, but look at the charts.