Magnificent market structure, bounce on last ATH
Rectangles are just there for fun, yet many types of fundamental analysis project prices in the 6 digits and the rectangles may end up being kinda accurate..
Was drawn in a minute and is clearly not advise of any type.
We can see more and more divergence on the chart, the battle is real!
So much bearish charts around and the price is not moving so much, Bitcoin went heavily oversold on the 4h RSI which is now seating in neutral around 40.
Shorts are not moving on bitfinex so I don't see much money left on the bearish side.
Everybody was expecting instant gratification and...
In the land of free money, where everything cost a lot of USD. Could sound money come back from the sea? Could Bitcoin release the boot on the face of humanity?
We stand at the cusp. Financial innovation is finally possible, again, everything will be digitized in the next 20 years. Cost of manipulation will increase while the barrier to entry will drop close to...
Looks like correction time, still need a little observation to confirm this is not a bear trap
Based on fibonacci a new test of 1000 is possible and a good place to start putting some orders, altcoins could bounce hard also
Possible Short term bounce
Green Area Long term reload zone not sure it will get there tho, Evolution is coming with partnership with PayPal and other big names, number of MNs is close to ATH
