We are in an uptrend we can deny, and the worst thing is triying to time the market, but as i always try, here is a prediction of the wave of the trend, there is this imposibility to know the future but wu wil always have imagination!
volume profile indicator is a way to study moment in the markets, the longer the rage you select the longer the perspective, usualy price trends to seek for liquidity, and so 10.000 usd is the most visited price since (jan 2018) bottoms are not constructed from one day to the other, people must heal in order to risk again, and all we see for now is pain, buckle up...
this is as neutral as BTC can get, Any thoughts?
in terms of price analicis it can really go eather way, but in the macro there is a bottom sentiment beguining to float in the air...
some bottom structures have fractals that mimic human behavior, fear , greed call it whatever.
here is a place in the chart that is HI Risk, we are at tha middle of a grater range and the world is not risk onn,
this is not a prediction but this pattern has a probability to get fullfiled, take onn liquidity from both shorts and Longs.
beware, and take care
