This chart is not too different from my previous one. The price went a little higher than I anticipated, but it makes no difference.
Sure, we could see a massive bull run right now, but anyone who's been doing this for a while knows Bitcoin doesn't behave like it's been behaving lately when it's really bullish. It just doesn't. We are witnessing a Bitcoin that seems to want to get in bullish mode, probably because of its halving situation and a lot of Hopium, but it just ends up with a mediocre performance at best. So, even preparing for the slight possibility that it will eventually run its motors at full power, I'm inclined to be bearish, so I'm short.
In the case I'm correct, then I see the price to drop somewhere between $5500 and $7500, and then perhaps, we'll finally see a true bullish Bitcoin. It would even be forming a massive Head & Shoulders chart pattern, for what it's worth.
It's not a very difficult chart to read, simply, keep an eye for price going above $10500, which could potentially mean that we are bullish, but otherwise, expect price to drop.
That is all,
Cheers!
Sure, we could see a massive bull run right now, but anyone who's been doing this for a while knows Bitcoin doesn't behave like it's been behaving lately when it's really bullish. It just doesn't. We are witnessing a Bitcoin that seems to want to get in bullish mode, probably because of its halving situation and a lot of Hopium, but it just ends up with a mediocre performance at best. So, even preparing for the slight possibility that it will eventually run its motors at full power, I'm inclined to be bearish, so I'm short.
In the case I'm correct, then I see the price to drop somewhere between $5500 and $7500, and then perhaps, we'll finally see a true bullish Bitcoin. It would even be forming a massive Head & Shoulders chart pattern, for what it's worth.
It's not a very difficult chart to read, simply, keep an eye for price going above $10500, which could potentially mean that we are bullish, but otherwise, expect price to drop.
That is all,
Cheers!