READY TO SURF WAVE 3?
My prediction in this bull market.Are we ready to go higher or we need more liquidity in lower levels.
Both options result on a reversal, that may be confirmed once we pass 65k.
REASSONS FOR POSSIBLE REVERSAL:
1.Fear and Greed index in extreme fear.
2. Several days with negative funding.
3. RSI at oversold levels
4.Weak hands already leave.
But there is also possible dowside as well could be also good;
1. Taking more liquidity (wales entering the market).
2. 27K is the golden pocket (0.618 Fibbonachi level of the entire bull run).
Both options result on a reversal, that may be confirmed once we pass 65k.
REASSONS FOR POSSIBLE REVERSAL:
1.Fear and Greed index in extreme fear.
2. Several days with negative funding.
3. RSI at oversold levels
4.Weak hands already leave.
But there is also possible dowside as well could be also good;
1. Taking more liquidity (wales entering the market).
2. 27K is the golden pocket (0.618 Fibbonachi level of the entire bull run).
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