BTC consolidating at the main support levels. And heading towards wild zone of no major resistance levels.
We are in the bull market now, we are at the prices that we have used to already, we are at "pessimistic 30k till 2019" trend line, and we have no barriers ahead.
Remember the candle of april 12? I bet, future ones will surprise you.
I know you are ready for 4k, 3k, even 1k. That's why bear trap happend.
But triangle closes. Not much time left.
And after bear trend is over, how bull trend will look to you? After 2017 rally, after all this hype, how will people react to bull market?
btw, Binance are preparing to x100 increase in volume: youtu.be
Let it sink in.
Addition to the last idea.
Strong resistance levels: $10, $1 000, $100 000 - shows cycles boundaries. Hard to achieve and long validation time.
Weak resistance levels: $1, $100, $10 000 - shows middle stage of the trend. Easy to go through, fast validation.
Logarithmic chart show's it all. Bitcoin bubble cycle repeats itself.
The momentum though, imo should slow down every so often. It cant be same all the time, but it's hard to consider it on the chart.
Worst case scenario target for this cycle - 30-40k. But 100k fits much better.