Possible 35,500 leg down. That would be about a 50% fib retrace. Doubt if we see that much, however, will depend on the general market behavior.
We get a red Sat candle and may even have a Sun red. Gee the sky is falling. I can't believe some on here that claim they know how to read a chart. Pathetic!
Red uptrend meeting yellow downtrend
We need 43951 this weekend. Just may do it. Very nice move Bears are watching and saying, "how could I have been so wrong?" I think I know. They are not looking are the big picture and forgetting 2 million new accounts a day are moving into Bitcoin the world over. (discussed today on CNBC)
The bears loved it when the 100 day crossed down over the 200 day Wonder where they will be when the 100 day crosses back over the 200 day? Watch those 10,000 to 15,000 swings. Many more coming.
10,000 DOLLAR SWINGS ARE STILL IN PLACE 20 day purple 50 day green 100 day yellow 200 day red
We are still consolidating. 30K to 40 K Notice any little dip and bears begin to pat themselves on the back. BTC does an up upmove and we have silence.
Doge was .06 Eth was 12.00 Bitcoin was 45K Bitcoin has pulled back to low 30k. These other high flyers need to drop back. They rose of Bitcoin coat tails.
Just plain old consolidation. Bears are wrong this time.
Some are trying to overthink this summer consolidation because it is not fitting their 20-30 K agenda.
jULY FOR 2 WEEKS SHOULD GOOD FOR BULLS
Pretty simple analysis.
This example sure does not look like the 50 and 200 today
The cross is not complete. What will be the reaction when the 50 day starts to turn up and does not cross the 200 day?
Will we cross? Maybe below and above for a while. .