BTC forming a nasty possible double bottom, volume shows divergence as well. Most possible this was not a bull run or start of the bull run but more of a dead cat bounce coming off those 19k ATHs and it finally bounced. Best option and Option 1. We will know soon if this is the start of a W bottom and we are in the middle section right now as divergence on volume hints at or
Option 2 if setting up for a nasty wash out that doesn't bounce further.
Option 3 is this is the start of the next bull run, if that is the case it is a very sad start and wont be all that great given SEC timing, adoption cycle and the fact no volume has come in at all to really support this push up and new suckers to pass bags to as we climb higher. i think we are pretty close to top out in a few 1k more. This is my least favorite and this is a improper start to a multi year solid bull run.
Option 2 if setting up for a nasty wash out that doesn't bounce further.
Option 3 is this is the start of the next bull run, if that is the case it is a very sad start and wont be all that great given SEC timing, adoption cycle and the fact no volume has come in at all to really support this push up and new suckers to pass bags to as we climb higher. i think we are pretty close to top out in a few 1k more. This is my least favorite and this is a improper start to a multi year solid bull run.