BTC: to many laser eyes??what I am wondering is how a breakout with falling volumes is possible, both Spot and Futures.
Isn't it possible that it's just enthusiasm for the news of POSSIBLE Bitcoin regularization in Russia ??
Are we facing a real breakout or should we expect a new test and a continuation pattern? Or are we even seeing a fake breakout ??
Lasereyes
BITCOIN// Realistically ⏱️🧐Reasons NOT to Enter....Yet
1. If this wasn't BTC you'd wait longer
2. No clear indication of Up-Trend continuation
3. We can still fall to the TL
4. Most Technical Indicators suggesting more depreciation
5. Elon Musk is tweeting
6. No clear signs of buyer pressure
7. Haven't retest broken structure at ATH.
If you can find multiple reasons as to why you shouldn't enter a trade. It may be best you don't, even if you miss a move. You can always find a new trade, but you wont get second chance on a loss.
Ideally, it'd be best to re-test the trendline, however we seem to have good support at the 50% area, which was also the strong point on the last swing. In both swings, price seems to neglect the 61.8% level.
Check comments for my previous analyses. Leave a like and comment! I'd like to hear your thoughts!