We are still Bullish but BTC is showing signs that we will retrace to 58K AUG or SEPT, then a consolidation before a run to the top of 120k ATH. Last chart I told you if we dipped lower, then we would rally higher, and now with China, Russia, the USA, and Germany and more joining in, we have Governments playing whale moves that don't even know how to swim. Extremely likely we see some patterns we may not know. That is what happens when uneducated countries like the US try to play Crypto. They are late to the game. So we get a crazy market. The banks will dump, the Government will dump, and then at about 58K 55K we should bottom out. This fall is going to be crazy. P.S Yes I'm an Elderly American but my Country has no clue what they are doing! lol. Have a great weekend. Cheers.
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.