Ichimoku Clouds are showing a firm floor establishing at $45,995 with reducing sell pressure.
The purple line is a copy of the fractal of the move in March which as you can see is very similar to the move we are seeing now, I suspect we will more or less duplicate this fractal again, and then follow one of the two scenarios I've shown.
A. Bullish sentiment will kick into full-on FOMO and we will bounce out to a new ATH
B. Profit takers and negative sentiment return and we take a big old slide back to the previous lowest resistance in this uptrend recent uptrend since the May crash.
In either case I suspect BTC and in turn the market to complete its current move sometime in early October, and proceed to slide until around Nov 5th.
The purple line is a copy of the fractal of the move in March which as you can see is very similar to the move we are seeing now, I suspect we will more or less duplicate this fractal again, and then follow one of the two scenarios I've shown.
A. Bullish sentiment will kick into full-on FOMO and we will bounce out to a new ATH
B. Profit takers and negative sentiment return and we take a big old slide back to the previous lowest resistance in this uptrend recent uptrend since the May crash.
In either case I suspect BTC and in turn the market to complete its current move sometime in early October, and proceed to slide until around Nov 5th.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.