Recap: BTC broke out of Decision 1 on the previous analysis and did not follow through in either direction after, respecting the Decision Levels subsequently. It is getting a bit too quiet around here and we are in some need of news or something. Wonder who will oblige this time. Money Man is putting BTC currently in Decision 2 as we do have some resistance built up above us and breaking that, would be a good catalyst. The darker areas within the Decision boxes carry more weight than the rest of the space they occupy.
Conclusion: Money Man has made some minor changes to his previous analysis to reach these conclusions. He thinks something needs to happen. Simply put; we are getting too complacent, and something needs to happen with all the volume the market has been chewing on. Remember: No guarantees, only probabilities. Very Important to me: Please like if you appreciate the effort, Please comment and develop this further and Please follow if you see this analysis thread going somewhere you would like to know about.
Conclusion: Money Man has made some minor changes to his previous analysis to reach these conclusions. He thinks something needs to happen. Simply put; we are getting too complacent, and something needs to happen with all the volume the market has been chewing on. Remember: No guarantees, only probabilities. Very Important to me: Please like if you appreciate the effort, Please comment and develop this further and Please follow if you see this analysis thread going somewhere you would like to know about.
Comment:
Previous BTC analysis
Comment:
We need to be careful here at just below 53 000 now.
Comment:
Next BTC analysis
