Minor Distribution within Larger Accum.
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Near term, BTC is forming a pretty gnarly b-wave. Has resistance in current range (29k-31k). Highest I see it going before the drop is 30159-30177.
Downside Target by May 12th is 25294 (~25k), where I'm expecting it to find support and start next leg higher (likely to 34k-35k).
Needs to break below 27k to make it to 25k target, should see some explosive downside to break that level as soon as this week (around the FOMC meeting 3/3). Get ready for more volatility.
Downside Target by May 12th is 25294 (~25k), where I'm expecting it to find support and start next leg higher (likely to 34k-35k).
Needs to break below 27k to make it to 25k target, should see some explosive downside to break that level as soon as this week (around the FOMC meeting 3/3). Get ready for more volatility.
Nota
More down coming
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