There is a possibility for a triple bottom and potential reversal. Let's see how this plays out.
This is not forecast unlike my other charts, just an idea/possibility that has a realistic chance to come to fruition.
People called 4k when we hit 6k bottom and where I bought, people called for 4.8k at 6.45k where I bought, people called for 5k at 6.1k where I...
My chart overlays got deleted, so I decided to start from scratch, which wasn't bad at all after all, since many charts were pretty chaotic (from what others have commented :-)).
Since the big picture is easily overlooked when we look at the smaller timeframes (tunnelvision), it's important to see the overall trend since start to now from time to time to not get...
One more up before going down, or rejection at 9.75k and going down.
Scalpers can play this when there is volatility, I'd not recommend to use positions unless 10.8k is rejected hard. I cannot see going above 11.8k, at all.
Structure is very clear.
Because we should have already corrected healthy, which we didn't and consolidated too long with too much...
Best case scenario is 4.8k, expected direction 3.3k, bearish scenario 3 digits. ETA either summer or multiple year(s).
BTC vs USD Index (still in a bubble)
Artificial pumps on margin won't cut it, roughly +~100 real btc from joe fomo and traders won't push it to 12k.