It looks like btc needs some more pull back to gain some power to go up again. Will the parallel channel be a nice opportunity to get a nice buy signal? 31500?
Finally a nice higher high. The level looks very nice but I am still not sure how far the way up will be and where the pull back will go to. I still believe btc will go to 18-19k for a back test. The alts show very good signs. Like bottoms are made.
No real higher highs have been made. What will this mean? When will we see a bull run? Or at least a serious higher high... I am curious with the huge parallel chanel, will that occur? If that's the case major downside will come.
The slighty higher high is the most important move for btc. It looked like it wasn't going to happen but it broke out of its falling wedge. The higher high means that it's very possible btc will hold support at 18k and makes it's way to 40k. Higher high /higher low. I do not think it will go lower that the 786 retrace lvl. If btc will close it's weekly candle...
What will happen to the market. A normal back test will take place. the question is what retrace will take place.