I have no idea what people are doing by putting all those 1H charts everywhere. You won't catch every single bounce. You wont predict every single bounce. BTC is old enough to look at 1D chart. Remember guys this is a marathon not a sprint. RSI oversold at weekly, daily and monthly. Ofc we may retest 7k support but i dont see any sign of going lower.
Look at...
Altcoins are obviously overtaking the market at this moment. People bored of btc bear mode are starting to search for quick profit. I think that btc is prepering reversal pattern (finally after disappointing previous ones). Forming at the bottom of a triangle. I'm expecting pullback until Daily RSI is oversold. Additionally if i'm correct at the end of right...
2 scenerios
1. Smaller, but more comfortable.
I think it's less likely for breakout, more likely for breakdown.
2. Big Daddy.
Huge support. Breakdown or Breakout depends on cryptocurrency condition. Considering BTC as a bubble, which more people each day assume, may end up on the floor.
In the other hand if btc is going to stay high it may be a GIANT bull...
I know that people are afraid of potencial bitcoin split even tho it's the worst case scenerio. However anxiety is NOT visible at recent chart, it actually looks pretty healthy. Pennant pattern is obvious and assuming that BTC won't split we may see bull run till we reach 3200$ ofc before 'doomsday'.
If some way we gonna see a breakdown, i have another - this...
