The highest high of BTC was an upthrust in a Wyckoff analysis.
So we expect to see a downward trend, hopefully completing the Shoulder - Head - Shoulder, that I shared in another idea.
As the market is being overextended, with very short candles, and low volume.
Even though, BTC is expected to go higher in the long term, as Tesla invested in it, causing a rush in the society.
Hope you have a nice day!!
So we expect to see a downward trend, hopefully completing the Shoulder - Head - Shoulder, that I shared in another idea.
As the market is being overextended, with very short candles, and low volume.
Even though, BTC is expected to go higher in the long term, as Tesla invested in it, causing a rush in the society.
Hope you have a nice day!!
Comment:
I have to update the idea since price already did a Spring around the 45589 area, the support line. But currently, we don't have enough volume to break the all time high, so we are likely to see prices fluctuate a bit more between the trading channel.