We had a good run.
BTC is due a correction.
Weekly RSI is Overbought.
Trendlines match fibonacci zones.
Overall fundamentals seem good longterm, but market needs a reset.
Many shorts to be liquidated in 115-117k , more than a billion dollars.
A billion dollars worth of longs to be liquidated at 97k.
Betting on fake pump,majorly overbought daily RSI, liquidate shorts, dump bitcoin, liquidate longs, load and reset.
95k seems reasonable, but theres a Fair Value Gap at 91k, and these get filled almost every time.With a spike through to the 0.61 fibonacci at 88k.
Possibility of 80k if theres a black swan mass panic event, this will touch the 0.78 fib and touch an unbroken bullish trendline from 2023. But very unlikely right now, just a healthy correction and reset before the true bull starts.
Alts will probably bleed hard, since faith is so shaken in them. Stack when theres mass fear.
After the next real pump rotation most probabably begins.
Good idea is to DCA at 95k, 90k is a solid zone, 80k would be absolutely perfect. Good levels for alts are corresponding to these prices.
BTC is due a correction.
Weekly RSI is Overbought.
Trendlines match fibonacci zones.
Overall fundamentals seem good longterm, but market needs a reset.
Many shorts to be liquidated in 115-117k , more than a billion dollars.
A billion dollars worth of longs to be liquidated at 97k.
Betting on fake pump,majorly overbought daily RSI, liquidate shorts, dump bitcoin, liquidate longs, load and reset.
95k seems reasonable, but theres a Fair Value Gap at 91k, and these get filled almost every time.With a spike through to the 0.61 fibonacci at 88k.
Possibility of 80k if theres a black swan mass panic event, this will touch the 0.78 fib and touch an unbroken bullish trendline from 2023. But very unlikely right now, just a healthy correction and reset before the true bull starts.
Alts will probably bleed hard, since faith is so shaken in them. Stack when theres mass fear.
After the next real pump rotation most probabably begins.
Good idea is to DCA at 95k, 90k is a solid zone, 80k would be absolutely perfect. Good levels for alts are corresponding to these prices.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.