Although I'm a complete bear all the time, if btc doesn't drop the next 1-2 days below 35k, here's what I visualise:
1) Goes till 43k, then back to the channel to retest
2) Afterwards pumps in waves till 57k, after it smashes 47k resistance
3) From 57k, if it reaches that level, a strong rejection and goes again to 30k and below.
You can see the black lines as major support, where I have buy orders for BTC.
Nevertheless, I'm entering soon with small orders in alts, cause they are starting to spike upwards.
Remember : Keep your $ bag for moments the market drops 30-40% and enter then.
This is not going to new ATH as all moonboys dream of, there is simply too much uncertainty going on right now.
Even if the stocks market has absorbed the inflation in it's actual price, it will dump till 3300$ sooner than later, crypto will dump aswell.
This is my perspective as a bull for the immediate period, not long term ( I have another chart for that).
Cheers )
1) Goes till 43k, then back to the channel to retest
2) Afterwards pumps in waves till 57k, after it smashes 47k resistance
3) From 57k, if it reaches that level, a strong rejection and goes again to 30k and below.
You can see the black lines as major support, where I have buy orders for BTC.
Nevertheless, I'm entering soon with small orders in alts, cause they are starting to spike upwards.
Remember : Keep your $ bag for moments the market drops 30-40% and enter then.
This is not going to new ATH as all moonboys dream of, there is simply too much uncertainty going on right now.
Even if the stocks market has absorbed the inflation in it's actual price, it will dump till 3300$ sooner than later, crypto will dump aswell.
This is my perspective as a bull for the immediate period, not long term ( I have another chart for that).
Cheers )