currently exchange supply is low. i do believe were going up to marked key level, i believe we produce a lower high, invalidation is obviouslly claiming the level and producing fresh highs i however still believe we take a visit to sub 40 to aproximatley 38k, this is not a range to rush things or over trade but just watch and take ur profits accordingly
this is my impression of what is likely to happen over the coming weeks, further dumpage on or around the 16th would fit the time schedule nicely with the first breakdown, we may head fake further than my lines show this is just an aproximation. cpi report is tomorrow, i assume the "inflation" trade element will be pushed but if youre following macro global...
if ur in a short from the high its adviseable to long cover for the retest as btc will probably test the vwap and poc. we dont go down or up in a straight line. if ur not in a short and ready to long cover this is not the trade for you
20 yr old resistance has made full contact. i expect big money to start pulling billions out of the market. hyper extended, euphoria.
btc has just hit its ath cc critical fib at the same time that spx has hit its 2 decade old resistance i believe we will see a weekly correction here that starts on the 8th but possibly the 16th
if u compare btc ath macro fractal to solana u will see a stark similarity, starting from the double bottom to the peaks, i would assume this means the top signal for the whole market this current run. lock in profits, look for shorts at resiatnce.
upward trading channel identified in full expansion of the intended move with about 10 data point touches, aths soon.. fomo soon.. economy in the toilet. btc forever
keepin it simple. horizontals the thicker lines are heavier confluent points and volume. but crypto is pretty bullish so i believe we could generally trend up for the next few weeks.. it would be to easy if btc went back down to low 30s or even low 40s so this is going to new highs, 46k shows heavy support. if we drop in to ramen zone buy some more crypto
circles every where. btc is going to 130k long term.. but by that time sol will have 20x'd.. dont buy btc is my thesis still
all time trend lines losing there bounce some acting as resistance. 39k to 42k has good confluence to pick up again
oil looks to seek highs which would tye in well with politics, i wouldnt be surprised to see a floor put in around this 65 to 70 dollar range before it makes moves to the upside
this shits going to the moon but it will first require another large laoding before we make a true parabolic push into exponential territory
current ranges. chart asked to be published. current range break down
current upward pressure is meeting its first true resistance since the climb,, there is a confirmed support with high volume if youre looking for entry,, possible target of 47k.. possible bear target 0! lol.. jk,, 34-36k depending on the reactions
its time for btc to strip its annual value. full retrace fk it
were in a good buy zone but macros arnt going to allow it, powell said btc failed. buying btc is all risk no reward.
I HAVE TO RUN ILL MAKE A MORE DETAILED POST LATER,, IM CALLING BULL RUN PART 2 BOTTOM HERE
the truth is sometimes the hardest fate to accept