Dear reader,
Now, after the monthly and quarterly closing prices, I have to say that
...nothing changed in the bigger picture.
If history repeats itself (which not necessarily happens), then Bitcoin is ready to set a bull trap (see the upper wicks of the third candles at 1, 2, and 3) and head lower. After such quarterly closing, Bitcoin had 9-12 months of correction, finding support around the 200W EM.
I know there is not enough historical data regarding quarterly and yearly to back it up, and I might be wrong. However, I am still waiting in the next three months for a short squeeze towards mid-high 40K, then a rejection, which might give us a selling opportunity.
Now, after the monthly and quarterly closing prices, I have to say that
...nothing changed in the bigger picture.
If history repeats itself (which not necessarily happens), then Bitcoin is ready to set a bull trap (see the upper wicks of the third candles at 1, 2, and 3) and head lower. After such quarterly closing, Bitcoin had 9-12 months of correction, finding support around the 200W EM.
I know there is not enough historical data regarding quarterly and yearly to back it up, and I might be wrong. However, I am still waiting in the next three months for a short squeeze towards mid-high 40K, then a rejection, which might give us a selling opportunity.
