I'm seeing the price below the golden pocket on an upward facing speed fan from a recent key price that initiated a major move.
On the downward speed fan, we're beneath, but testing the lower side of the golden pocket.
If BTC comes down, and we reject here, high probability of downside.
That said, BTC is a monster with it's own agenda and will do what it wants...
MTF EMA's have flipped, and it seems the short term support around $65 may become resistance. This is also a fib .382 level that we're sat on right now.
We're under the Ichimoko cloud, with downtrending conversion and baseline trend lines and lagging indicator hit prices already (all on hourly).
Looking at the feb speed fans, we're under the support levels and...
Update from yesterdays idea - a little pump overnight but has come back down to a lower low.
Still looking short term bearish, though we've a descending wedge that should make a decision shortly.
I don't think there is enough juice left in retail to pump to ATH until we capture more liquidity at lower prices.
It seems on the daily that AXS has shot up very fast, and we've only seen one correction from 30ish, to 16ish.
I believe we retrace to $27 - $29 before moving higher again.
We're 63% long at the moment.
I think there'll be a lot of fomo'ing in from retail, and people will sell their coins with the huge gains already made.
Or, it keeps going up - who knows eh!