We bounced back thanks to Trump's bullish announcements but we're right back up at major resistance and we're moving sideways. With major resistance, you want to see price cut straight through like a laser. You don't want to see price hesitating. A bearish geometric pattern leading up to resistance almost always rejects and retests the lows.
As price moves in one direction, volume increases until the trend is about 80% complete. Then price will still move in the same direction while volume dips down to show exhaustion
Bitcoin and crypto has been on a parabolic rise. But last month, we morphed into a super parabola. So as we'd expect with any normal non parabolic trend, we retest support then consolidate before next pump. And now, we are in next pump territory.
