BTC Better not go up now !
Updated
two big resistance before seeing any new HH or AH
personally I think there isn't enough gas for BTC to go up and break even the first resistance at 12.4k
even if it does then it's a hard long way to go for a HH at 13.9k
1-it is just FOMO and noob buyers trying to grab what ever they can with little hype that they can have
2-it is not healthy for bitcoin to go up now it will be just another bubble !
3-the parabolic run is very fragile and I'm not even sure if it's there anymore
4-if by any chance it manages to break the resistance and go over 14k it'll bear down to 8k
5-don't the bubble bears and in this case whales get you're money ! best case scenario is btc go sideways from 8-12k for next few month to build up a good support ground for the next run possibly up to 30-40k
personally I think there isn't enough gas for BTC to go up and break even the first resistance at 12.4k
even if it does then it's a hard long way to go for a HH at 13.9k
1-it is just FOMO and noob buyers trying to grab what ever they can with little hype that they can have
2-it is not healthy for bitcoin to go up now it will be just another bubble !
3-the parabolic run is very fragile and I'm not even sure if it's there anymore
4-if by any chance it manages to break the resistance and go over 14k it'll bear down to 8k
5-don't the bubble bears and in this case whales get you're money ! best case scenario is btc go sideways from 8-12k for next few month to build up a good support ground for the next run possibly up to 30-40k
Trade closed: target reached
it went exactly as I predictednow goes to 11k support and there's a good chance for bulltraps and bull attempts back to 12.4k in the next few days and then rest on 10-11k support longer
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.