BTCUSD / Daily / Bull Run Incoming, BUT after this
Bitcoin smashed through every market & psychological resistance area earlier this week and then was capped around 8.2k mark. For me that was a clear sign of manipulation, where retail traders entered long positions on break of every resistance area, but big players sort of planned this in advance to create FOMO and get people in. Now we see selling pressure coming. If this Daily candle goes lower than 6900 we will see a lot of newest longs being liquidated and price dropping to previous support zone 5900 and the same thing will happen - IT WILL BE BROKEN. When this happens it will create panic in the market and guys who bought around 5300-5500 will probably like to get out at break even, so we're going to see another dip.
So what about the bull run?
Bull Run will begin once whales start buying again. Ideal price for them is 4200, but that would be too obvious, so basically if 5300 doesn't hold and price goes lower, any point between 4800 and 4200 is okay to go long and that is what I will be doing. This will be 2nd chance for all of you who missed the opportunity in last couple of weeks to get on the train.
Keep in mind one more thing - "Summer Effect"
Usually BTC is very low on volume during the summer, so it can become stable coin again in 4200-4800 zone mentioned for a few months and then end of August - start of September it should pop up out of nowhere, but this might not be true.
Just chill don't panic, we're going to 40k this year.
So what about the bull run?
Bull Run will begin once whales start buying again. Ideal price for them is 4200, but that would be too obvious, so basically if 5300 doesn't hold and price goes lower, any point between 4800 and 4200 is okay to go long and that is what I will be doing. This will be 2nd chance for all of you who missed the opportunity in last couple of weeks to get on the train.
Keep in mind one more thing - "Summer Effect"
Usually BTC is very low on volume during the summer, so it can become stable coin again in 4200-4800 zone mentioned for a few months and then end of August - start of September it should pop up out of nowhere, but this might not be true.
Just chill don't panic, we're going to 40k this year.
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