General discussion on current situation on BTC Part 1
Updated
Mid to long term bullish sentiment tells us we could likely have more upward pressure and price pump in the coming weeks.
Note
What is happening in the 5D TF in this current run looks very similar to what happened in the 1W TF back in 3 Jun 2019, when the price suffered the first mid TF red candle after the price pumped from roughly 3000 to 9000, at the exact point where the white energy dropped below 50. But the fact that the white energy dropping below 50 and rendering a red dump candle at the low to mid TFs do not necessarily mean an end to the price pump when we consider the fact that the high TFs are still likely in bullish sentiment, that there would likely be more pump in price to be followed after this current, small correction from 19490 to 16200. I personally believe there is more price pump in the coming weeks and that there is a chance to have a new all time high by the end of the year. I am marking this post a long based on what I am seeing in the mid-long timescale.
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