As we can see, we ran out of fuel in order to keep pumping, the whole crypto market right now is driven by FOMO (clear examples: SOLANA & AXS) the way I see thing the market is in a speculative bubble and it needs to chill.
In this moment if you ask to a 5 year-old boy, he will say that BTC to the moon, oh boy we are in deep troubles.
Lets consider the divergencies that right now are happening (RSI is not making HH, while the price of BTC does)
By mid Septeber we may see the return of Smart Money, and they will wipe off to the moon boys; only time will tell.
Not financial advise.
In this moment if you ask to a 5 year-old boy, he will say that BTC to the moon, oh boy we are in deep troubles.
Lets consider the divergencies that right now are happening (RSI is not making HH, while the price of BTC does)
By mid Septeber we may see the return of Smart Money, and they will wipe off to the moon boys; only time will tell.
Not financial advise.
Note
Well so far my analysis stays the same, we need to go for the liquidity from 0.618 level.
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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.