Almost 80% down from ATH, which is nothing compared of the probabilities of profits in the next bull run.
$FTM is showing how expectations can kill, probably this one will die eventually, only a few cryptos will maintain their dominance, some of them are just a casino. Stronger support at $0.61. If it loses we can fall to $0.15
RUNE looks tasty...... But... due to the oscilations of Bitcoin is very likely that he will eventually re-test the support.
$SCRT has a very interesting probalistic moves ahead, something between around $11/$13 (+notes on the chart.) Times of regulation and speculation of anything that goes around with the squizophrenic mainstream media ideology, privacy coins are the choices. (demand)
Until we cross this resistance nothing will happen. You must forget the external narratives around. (Influencers+Mainstream Media, etc.) Bull traps and bear traps; they are frequently, goldish times for bought!
it's doing a pullback now at the $34k price, the support on this level is holding the price, the volume of sell is below the previously one, (yesterday) which means that it has no force to push down, might happen a re-test at 36k again and could broke the last top. it's all probabilities, but imo could happen +$37k
we'll eventually see a green bar appearing, so far.. it's fine.. buyers are holding the support and pushing back up.
If everything goes to the plan, Bitcoin is ready to fly on july.
The volume of demand today is very bullish comparing with the last days of accumulation and a uncertain move of the price, if we create a new channel of a uptrend in a short-term, a new way to the next high prices might appearing in the next days.
Idiots are selling without nothing happen on the market as always, the human emotions on the volume looking at the order book on (Kucoin) also the fact that the "bots" has been doing the trader job so they can watch girls dancing half-naked on tik tok, making this centralized coin in one exchange poor to have a consistent trading, until we get on another exchanges...
Bull: first scenario we can see a reversion of a trend taking the price inside the channel of pitchfork again, this is a probability. Bear: Second scenario is bitcoin breaking a strong support and finding prices below 30k In my honest opinion i don't think that the second scenario will happen, because this zone was tested before, we are seeing now some FUD...
In a few days when the mainnet will be launched we can see a breakout on this consolidation price right now! buy cheap!
Bitcoin seems like is losing the channel of pitchfork to generate a new fall which will find the 30k below prices!
ASO (bottom indicator) is indicating a possible cross, if he cross the 55, bullish signal. Euphoric sentimentalism is coming, the depressed little boys is hitting the market soon