Looks like we have a triangle compressing with resolution expected within 2 weeks. I would expect it to move down due to CME gaps, stretched above the 200D moving average, general bullish sentiment, and my bias of hoping for a crash to buy more. It probably depends on the general market, since BTC is highly correlated with the SP500. If we have another liquidity crisis, then down we go. If not, everything probably moves up and could double from here, which seems crazy.
Commento:
Oh yeah, also bearish divergences
Commento:
Still within the traingle...looking like it wants to break to the upside. Could be a fakeout
Commento:
And we've broken out...away we go
Commento:
seems like 23-24k should be first target within a few days