Bitcoins consolidation phase, in it or still towards it, Part 2
A post i did a month ago. Charts like this is to see the bigger picture and trying to stay objective. This also shows the reason about what i said in the analysis i posted few hours ago. About becoming bullish if we see a good consolidation in this zone. Since we are in a similar zone now, if the market can bounce up nicely again after a possible drop, and come close to the 12k again coming week or so, than another push up might become more likely.
At this point, as mentioned in the other analysis, i find it very hard to say for the reasons i have given. But if we see a good consolidation and then eventually break that high (assuming that high will be 12kish now), we have to assume we will see another rally. Now i am not the kind of person to think of 50/100% rally, just not seeing that happen until it happens. But a decent move should be expected at least if we see this play out and get a volume breakout.
Think a wick to like 10500 should be the max (daily candle). Ideally for the bulls, it stays above the 11.000/10.800. Lower time frame updates on BTC will be posted in another analysis.
I suggest reading the previous analysis as well for learning purposes, understanding why patience almost always defeats FOMO.
Previous analysis:
At this point, as mentioned in the other analysis, i find it very hard to say for the reasons i have given. But if we see a good consolidation and then eventually break that high (assuming that high will be 12kish now), we have to assume we will see another rally. Now i am not the kind of person to think of 50/100% rally, just not seeing that happen until it happens. But a decent move should be expected at least if we see this play out and get a volume breakout.
Think a wick to like 10500 should be the max (daily candle). Ideally for the bulls, it stays above the 11.000/10.800. Lower time frame updates on BTC will be posted in another analysis.
I suggest reading the previous analysis as well for learning purposes, understanding why patience almost always defeats FOMO.
Previous analysis:
Bài đăng liên quan
Thông báo miễn trừ trách nhiệm
Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.