Lots of confluence in this region. Gann fan, pitchfork, fib level, psychological level, and as well as the july 27th new moon date... I am really liking what I see.
300 is a solid psychological level along with multiple technical supports. When analyzing this area, you will also notice it was around this price when it went parabolic last year. July 27th is a full moon cycle as well.
weeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeee...
If you look at the inverse chart, a rising wedge is displayed, I'm expecting this to break out and head towards the 1.618 fib extension.
I think something like this will happen. With family members and friends gathering together for the 4th of july, lets see a nice pump occur before this to get the talk going.
I think we will see bitcoin have a bounce off of 4800 but then will lure people back into shorting below 4800 thinking that it will go to 3k or 1k... after this we will see some 4th of july fireworks. Selling climax is about to happen.