Every rally so far has been stopped out by the .62 retracement. Following this logic our next move up should take us to under $6900. If we break over this level and show consolidation I would consider going long. The only Bullish thing to consider here is the decrease in each move down and the set of Higher Lows that have currently been put in.
See how this responds to diagonal. Just had a short squeeze with a retest of trend line after breaking. If we see ranging here it will probably distribution in prep for another move down, unless we start making clear HL and HH.
channel up in a bear flag to $9000 everyone keen on vegeta memes.... down down baby after double top
looking at a large bull flag. seems to have started to breakout and head for around 1700 sats as next target (set scattered sells on the way up). Have mainnet launch on 30th June. Could be one more small pull back inside 2nd triangle but thats it. remember always set stops to be safe.
look we will probably fall one more time inside this wedge and define the bullish divergence even more solidly. shoot up out of triangle to test 9200 and fall back then up to target 10 000 again. bears are running out of steam and its till to let the bulls run. at test of 10 000k i cant say for sure what will happen. have to look at at the time. love to see it...