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
we are close to hitting that down trend line!!!!! imo it will drop but ive been wrong i cant see any real volume to send it up!!
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
next bull run dates, expect down fruther bear untill august
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
2850 is the bottom and its due soon, very soon. but with history if it repeats its self then the end of may will see slow growth up to 100k over 24 months
imo these are the dates we go back through 6 and 20K if BITCOIN carrys on with historical movement i have measured timing of past highs and lows and of course there are no rules i think 2800/3200 i the bottom we move out and up from
i have marked out dates for next 6k then through ATH UP TO the next math SAYING THIS I STILL THINK 2800/3000 BOTTOM COULD COME IF IT FOLLOWS THE HISTORICAL PATTERN. with talke of the 500 collapsing soon of course this could mean nothing if they jump over to BTC
im expecting a drop soon to 2700/2200 theres no indication that volume will come in, so the whales will pull and the bulls back off