The Fibonacci measurement suggests the sellers at this level are spent.
Considered leverage values over time.
It could always fall. Especially once the quick money people see that the halving takes awhile. Then they get out. It dips a bit. Then quietly runs up. Ever so slowly.
Looks like BTC will be trading side ways. I will be buying the dips here while support accumulates. The resistance at this level is very thin. I expect another fall to come with low volume (comparatively) to shake out the loose hands, with a pop back up. I will be surprised if it breaks below 35k, at most it could retest 30k without volume (bear trap), but with a...
It's not impossible. It would still be within the market structure.
Also, 70% of the population is getting more aware of BTC , and still yet to buy in. After a long solid bull run, we'll have a tsunami of a ripple in the graph.
Edit: I added the diagonal blue line to visualize the upper structure of the corridor.
It's not impossible. It would still be within the market structure.
Also, 70% of the population is getting more aware of BTC, and still yet to buy in. After a long solid bull run, we'll have a tsunami of a ripple in the graph.
