Bitcoin can definitely ignore the signal and blow up further, however I would anticipate a drop. This level is previous resistance.
Having said that, historically (in 2018), Bitcoin did not get to 100% retrace to the upside like this time, some short squeeze might happen at this level. In any case, I would hold off from buying at all. There are always pullbacks from such a rally.
For those using the Ichimoku, Senkou span B is strong resistance. Although breaking of the Kumo and pulling back, finding support above/at Kumo is extremely bullish.
Having said that, historically (in 2018), Bitcoin did not get to 100% retrace to the upside like this time, some short squeeze might happen at this level. In any case, I would hold off from buying at all. There are always pullbacks from such a rally.
For those using the Ichimoku, Senkou span B is strong resistance. Although breaking of the Kumo and pulling back, finding support above/at Kumo is extremely bullish.
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In general, I anticipate a slow-fade pullback and watching carefully for support above cloud.
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we broke the high of the 9. this shows strength and likely will count to a 13. I would still not play this up move and be willing to miss out.
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looking to initiate at Kijun sen which is around 35k