Seeing definate exhaustion in the trend here, marginally higher highs with more aggressive sell offs each time, had our first lower low put in on the daily now, expecting a dead cat bounce forming the right shoulder. Way too much hype in this space right now and we need a cleanse before upside continuation. See you at 30k ladies and gents
Note
Right shoulder forming nicely, temporary bounce off neckline. I am expecting a big bounce around 39k, and tbh that could be the end and target will underperform, too early to tell, it depends how fast things are moving as i expect june to close green for bitcoin.Note
Target hit.Note
Bounce happened too fast, looking for the wick to be filled, 32k target
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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.