Bitcoin: Layers Of Support & Significant Targets.
Updated
There's only ever going to be 21 Million Bitcoins being shared GLOBALLY, and I wouldn't even venture to say bitcoin is just quite "Main stream" yet. The exponential growth potential differential relative to the current price of the symbol is nimble... It's just that simple as I spit from the temple. Ya know?
It would be nice to see the 6K area breached and then re-punctured, perhaps 5500-5900. Whatever happens, once there is confirmation of a serious support structure above the 6K area, I think it's off to the races, far off spaces and places, unknown faces getting beat with various maces as Crypto displaces the establishment's baseless bases. Fear is the basis. They're nervous that it serves more purpose than an unbaked fiat, guaranteed in covenant by a bankrupt government! Worthless in comparison, so load up your garrisons for the long ride of the rising tides. Peruse a Carl Sagan poster as the moon draws us closer...
The huge divergence of the Advance/decline line, suggests that a retracement is imminent, and that there are relatively few coins actually changing hands throughout this rally. When I look at volume levels, you can see that sellers have been drying up in the market since around mid February, while buying demand has remained steadily higher since then.
Peace and good luck.
This is not financial advice, lol.
It would be nice to see the 6K area breached and then re-punctured, perhaps 5500-5900. Whatever happens, once there is confirmation of a serious support structure above the 6K area, I think it's off to the races, far off spaces and places, unknown faces getting beat with various maces as Crypto displaces the establishment's baseless bases. Fear is the basis. They're nervous that it serves more purpose than an unbaked fiat, guaranteed in covenant by a bankrupt government! Worthless in comparison, so load up your garrisons for the long ride of the rising tides. Peruse a Carl Sagan poster as the moon draws us closer...
The huge divergence of the Advance/decline line, suggests that a retracement is imminent, and that there are relatively few coins actually changing hands throughout this rally. When I look at volume levels, you can see that sellers have been drying up in the market since around mid February, while buying demand has remained steadily higher since then.
Peace and good luck.
This is not financial advice, lol.
Note
I had hoped so, but now as things unfold I'm beginning to have my doubts that BTC will fall back below the 6K barrier. Media hype is rising and can become exponential. So many positive developments happening simultaneously. The world is now watching with memories of 2017 in mind. I think we may come very close, perhaps a touch around the $6100 range, but I am now banking on a daily close on or above the 38.2 retracement from the most recent High, right around $6380 depending on which exchange you're charting.
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