The shows buyers are starting to gain dominance, indicated by the red line crossing the green line. And is starting to pick up.
Furthermore, i have taken a previous move from the last major bullrun which is a mirror image of the current move.
History tends to repeat itself.
Furthermore, this matches up with a 50-61.8% retracement.
For even more confluence this would tap the psychological number of 6,000.
I will be cashing out my BTC into stable coins for the meantime, before a rentry after more confluence.
As it is still possible this could be a major fakeout, even though that is unlikely, i like to consider all options.
momentum to the downside (6,000) before a nice upside move.
BULL MARKETS ARE BUILT ON BEAR BLOOD.
BEARS WILL BE SELLING SELLING SELLING. THE MASSES WILL FOLLOW...
THEN THE BULLS COME BACK TO FIGHT.