As you may have noticed:
1. At the break out on low time frame, big hands pushed Bitcoin price down until the sell volume is large enough for them to shove more into their bag.
2. Now as the trading volume is high, that a sign for a possible local bottom
3. Deposit to exchanges also higher than ever, but on the contrary, sell volume is not as much as deposited...
BTC is still above long term trend since 2020
In low time frame we can expect either a boost direct to 52k or a quick draw back to 36-38k and up.
Long term expectation is 180k
- Wabi fundamentally worth a small bet
- The chart look weak, very weak, many previous accumulation was for distribution at lower price, and this lead to very cheap price for quite a project
- Could be with another crash from BTC for it to go up with the herd
You can spot an obvious pattern every time FET do a straight climbing:
Down trend line cut important support, then up and make a new higher low and pump.
Could be zero or one more low and pump this time, but still rely on the BTC price, this would make sense if BTC make another crash that lead to alts to crash, with FET one of them, and with BTC rise to 50k or...
