Bitcoin looks ugly and ready to wipe out all the late longs. If we break below $9k I will be worried about $6k being the test as it would mean the parabolic rise has broken. Faster we get to $9k the better.
would bet on liquidity being taken under 2018 low and retest of original OB then take off after bull run is well in effect. Just cause ETH goes up in USD doesnt mean the BTC pair will too. May take some hits before really catching up.
Just letting thoughts pour out onto my chart. Seems that everything may happen 21.06% faster this cycle than last making the top of the next parabolic run around $80k, But i do think we could see massive over extension at the top as mass adoption/growth around crypto has risen a lot and will play a big role in the next run most likely.
From the Nov 2017 correction.
Feels like a decent sideways action for $BTC before breaking $11-12k would be very healthy for the long term bull run and would allow a stronger breakout when that does come. FOMO seems to be not happening quite yet so perhaps we are not there yet.
Could for sure see a Head and Shoulders pattern form to top off this massive 200% rally from the bottom.