Classic divergance, lower volumes, 78% fib hit....get ready for a huge dump...
Too little to short pullbacks so far in this non-stop Monthly scale bullrun. Monthly RSI divergance & lower trading volumes.
Bitcoin is going to have to make a choice now...no more range bouncing
Most professional traders only do 2 or 3 trades per year.... they wait for the real opportunities at overbought or oversold positions
How low will it go... 40k, 30k, 25k....
Sounds very low but its a 40% correction from the ATH, like we have seen many times in the 2017 bullrun.
Do not be trigger happy...pullbacks take time to level out
We need a 2nd leg down for a good bottom/boost to 100k
within 5 years we see 10k dollar Gold and then sell for real estate that should have gone down by then
round 60k is too obvious ...I think we pullback before that...maybe one more little breakout from this point, but maybe we could go back big time on monday together will a stock market pullback
but first a 60% drop like exactly 1 year ago
Lets gooooooooooo
I know its looks stupid....but why not.... Tesla has joined...more will follow soon.... 1.9T stimulus is coming... we are already in a stock market mania... everything is bullish and bitcoin has a tiny marketcap.
I think we are going up too quickly to breakout now. It makes more sense if we first make a handle to gain more strenght for a big breakout in the coming days.