you can smell em when im walkin down the street
we got support at 2k looking for a bounce there. theres possible hidden bullish divergence which leads me also watch the daily macd. could be bad if it crosses bearish. i still think its just a retrace rather than a macro trend change. we
618 fib extention was too strong of resistance. i think we may have to consolidate here for a minute.
every crypto crashes once it is listed. sell the news short
possible retest of the pennant . if we dont breakout we may actually be in an ascending triangle , also outlined on this. i think we will continue higher sooner than that.
if it hold here this will also be the highest weekly close since 20k. we are still in the early stages of the bull run.
demand will skyrocket once the media tells the people
long asf right here not gonna lie
if it retests the 26 level (also .382 fib @ 26.5) that is a golden buying opportunity. however i dont think we'll get such a big retrace. fundamentals are ultra bullish with the amount of QE pumpin into these markets. metals and crypto are the least risky trade, equities are a bit riskier right now though.
dont think its too late. most people dont even know what it is!
which will close the gap?
i think bitcoin may outperform eth in the short term
my calls are worthless at this point dont really care that much anymore but for those of you really FKD heres some hopium
its clearly been rejected by this resistance multiple times but it is consolidating under it now and seems to be getting ready to break through. if you look below you can see the price action has respected previous levels in the fib series (.382, .618, 1.618, .2.618, and now 4.236.)
looks like it could breakout one of these days. im not in until it breaks though.