weekly stochastic RSI is due a plunge , how ever volume is getting thin and i think a quick drive by the bulls uo to middle 4k might happen which will strongly get rejected down to a 2800 area
just my thoughts troops.
at 2800 we could go side ways untill a slow bull starts in may/june
this how ever could be all irrelevant as Bitcoin is being controled by the...
looks like it, will it break upwards?
if it does i think we will get a strong rejection BUT it will break that bearish trend line, every cloud etc etc
im not buying or selling yet, if the markets going bull long term wait for a sure sign
these are just my thoughts , like you reading its a game BUT if your in bitcoin long term then use long term charts WEEKLY.
the bottoms not in, RSI weekly says we are over bought,
may is the expected halving btc so i think we can dip lower
even so im sticking to this
im jumping in soon, not yet
BTC bull will leave the shit behind, chose wise
BTC tried but failed to break through resistance, it needed to punch through like a rocket
whole crypto market cap hit 140B but is struggling to keep going.
signs are positive but the bear market is not over
volume needs more punch,
not sure its coing just yet
looking at history we have to drop in to that zone on the top of the lower historical trend
one this is clear, we wont get a bull run this year, we may bot get a bull run for 18 months, but we might get an up and down sideways between 5 and 3
a drop to 2k is not out of the question soon, id be shocked but not surprised.
the volume is low.
if the S&P 500...
theres a big move due, im 70/30 it will be a dump as we cant break that resistance and bulls will buy up at the bottom again
or 30 percent chance of breaking the trend line and carrying on around the 3800 side ways,
either way set stop loses at 3700 and buys around 2900
Bitcoin on weekly RSI looks like we are around or near a bottom of 2800/3200 in the next 4 months
BUT looking through the last bull markets i think we are over the worst.
personally i think a 3200/2800 is due again and that will ride for a good few months
1, milliom a btc would take 15 years ( not happening)
100K how ever is possible
currently imo an inverted head and shoudlers up to 4100 is due then a drop to 3200 untill june. then we will see slow bull walk to the summet in 2 years
we will drop to 2600/2800 with in the next week possibly if the bares come strong down to 1600 and a rebound to 1800
then a slow grow up
Mid to late june 2021 we go back through ath 20k which will moon BTC up to 100k quickly over the six months after.
That being said the last bull run did not have futures manipulated market