Will $30k be the Blow off top were all anticipating for ? Bitcoin has literally been rallying since its March lows where it was trading at under $4000 per coin. Price has made a bullish recovery rallying up over 600% to date with no real correction.
Will we see a decent pullback in the near future, or will price keep pushing higher into new territories ?
Even if we hit 13k we will still be in a bullish market, a 55% correction would be a healthy pullback in my opinion.
What's your thoughts traders ?
Tradersteevy
All eyes on EthereumWhile Bitcoin has been the star of the Crypto Markets the last couple months,
Ethereum has been slowly consolidating upwards in a rising channel, Although Ethereum has been performing really well this year through Mid year till now.
But now looking at ethereum to me it looks like it wants to go, Once we clear that first order block all eyes will be on ethereum's all time high price and beyond
BTC What scenario are you going for ? Hey followers.
So I just thought I would do my analysis on the Bitcoin price before we either break to the upside or fall from this level. Also I have looked at the hourly chart and noticed from the 6th November there have been a lot more heavy sellers then there were buyers. (Look at the volume candles on the 1hr, The red candles are larger)
What's your current thoughts ?
Comment your scenario below ...
Bullflag on the Daily for Silver ?Not having a bias on silver at the moment but, Considering the price rise of 162% in 140 Days from the lows in March was quite a large move for Silver, When looking at past prices it took 819 days to reach the $30 mark.
But overall I think a pullback to the 61.8 fib level of $18 would be a healthy correction before we start moving up.
That gives us time to buy in for the long run :)
Double Top on Bitcoin ? Were hearing bullish news for bitcoin left right and centre, all youtube moon boys calling $100K BITCOIN
But imo why would institutional investors pay high prices for bitcoin when they know they can easily manipulate the market.
Thinking overall we have had a 266% price increase since the corona dump in March with no real correction, And i'm pretty certain large investors would have heard the paypal news weeks or months ahead of us and they will be looking to take profits to buy back in at lower prices.
We also failed to close above this key resistance on the monthly TF, also we have made a 100% retracement from previous highs.
And can we really use 2017 price action in our TA ? We all know it was FOMO that caused that rally every Tom Dick and Harry wanted their piece of the pie back in 2017, But right now I still don't see mum and dad investors piling in.
What's your thought ?