I have enjoyed playing with pitch fans over the years, and the previous two played out pretty nicely, so here is an updated one for 2021.
In the short to medium term: RSI is strong and allows for a lot of growth, maybe towards 100K, however the stoch is overbought and may require a correction before another move up can happen. Might see a correction to around 42K before the next big leg up. If that happens it will probably signal the proper start to a mega alt season.
Either way 2021 looks bullish.
In the short to medium term: RSI is strong and allows for a lot of growth, maybe towards 100K, however the stoch is overbought and may require a correction before another move up can happen. Might see a correction to around 42K before the next big leg up. If that happens it will probably signal the proper start to a mega alt season.
Either way 2021 looks bullish.
Note
It's definitely going to be an interesting two weeks either way.
Note
Looks like there's two options atm. 42K feels more likely to me.
Note
My thoughts on BTC action for the rest of the year. 42K (61.8% fib level) hasn't been retested yet. Feels inevitable. Just not sure when. Also 20K is not out of the real of possibility. Once you've lived through a couple of market cycles, you are prepared for anything!
Note
Something's gotta give.
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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.