BTC BULLISH BTC

2 dic 2021

Good morning everyone! Please see my bearish case I posted recently for comparison. After a good look, I am primarily bullish on BTC beause the declining volume profile extends all the way to the end of 2020 indicating that all this price action is one formation. The onchain metrics look great for the bullish case, we are at fear/neutral sentiment in the 50ks, The time frame makes sense, there hasn't been a blow off top yet, and we are at new highs after a previous massive dump. On the daily time frame, it looks liek we are drawing a falling broadening wedge. I am anticipating another pull back to the low 50ks before a run to 61k