as we enter Summer in the northern hemisphere we are able to identify some important SUPPLY and DEMAND zones, shown in yellow and our usual Gann fans, Fibs, wedges/triangles and our trusty RSI showing us possible paths
it has been shown to me and few others every 6th of the month has been a major pivot point, so will this come on the 6th of June as well? (last 5 months, so this would be the 6th time it would happen and im very keen on 666 as a number of humanity spiritually speaking)
the next major test for bitcoin is to stay within this triangle and not fall below out of it thus opening up new situations and possibilities and we can start thinking of 4K and under, for this not to happen we gotta see bitcoin stay over 7k above that trendline and gann fan purple area
massive supply and demand zones now above bitcoin and its gotta flip these with significant volume to get over and stay above these areas thus starting to show some bullish signs for that
sentiment right now is neutral (sideways) with an expected range from 4/5k to a poss 12K in this month of June
good trades to all, come ask questions in our telegram chat or get updates on our feed, we look forward to all kind of traders to come collect profits with us
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.