Imo these markets works like normal stock markets, but in shitload of steroids. So we will see new cycles and fractals formatting more faster and getting bigger.
We will see new bullish cycle this year, proly starting now or later this summer. It is getting critical for cryptocurrencies to get adapted in someway or we will see huge bubble that will proly break cycles.
BTC moves in huge triangle which should mean big bullish breakout. $30k is in fib 1.618, so that is my target for now. Looks closely those EMA50 and EMA200. If they cross (death cross) we will likely continue being bearish.
We will see new bullish cycle this year, proly starting now or later this summer. It is getting critical for cryptocurrencies to get adapted in someway or we will see huge bubble that will proly break cycles.
BTC moves in huge triangle which should mean big bullish breakout. $30k is in fib 1.618, so that is my target for now. Looks closely those EMA50 and EMA200. If they cross (death cross) we will likely continue being bearish.
Comment:
Adjusting triangle. Orders to 7k.
