I'm having trouble understanding the bearish sentiment when I look at the daily chart from the beginning of 2023.
Let's get crazy! Should be a volatile summer. I think we will touch $50,000 at some point this summer. This lines up with the golden pocket and heavy resistance which should lead to a big rejection. Then we bounce around 25k to 50k until the halving. Thoughts?
Could BTC be stuck in this sideways range and retrace back to the POC around 16k? Has the support to form an inverse head and shoulders and get stuck in this 15k-25k range for the rest of the year. What do you think?
Let's see how this plays out! Bitcoin continues to flag out and bounce off golden pockets. It's a beautiful thing! Will it keep up?
How nice would it be if BTC holds $20k? Here are some ideas using the fixed range volume profile and Stochastic RSI.
Stochastic RSI looks cooked on this daily chart but money flow and price continue to move up. Could we see 30 cent $ALGO soon?
This idea considers the four-year cycle, the pi-cycle, and the time between tops and bottom. The fractal was taken from the 2018 bull run.
Will it do the thing? Hoping for a SR flip at 40k to turn resistance into support.