Feels like the bleeding is almost done (unless some crazy black swan event happens).
Another test and hold of $40K will set us up to break overhead resistance and begin another push upward. I'm not so perma-bull to call new ATHs anytime soon, as the EW wave count was just obliterated by that punch sub-
52K, but another test of $60,000 range is likely in the coming months.
Always play devil's advocate to yourself and be prepared for a contrarian move, but given MANY indicators (2D MFI, extreme fear, 2 month+ sell-off, dwindling exchange supply, etc), it's very possible green lights ahead.....
Another test and hold of $40K will set us up to break overhead resistance and begin another push upward. I'm not so perma-bull to call new ATHs anytime soon, as the EW wave count was just obliterated by that punch sub-
52K, but another test of $60,000 range is likely in the coming months.Always play devil's advocate to yourself and be prepared for a contrarian move, but given MANY indicators (2D MFI, extreme fear, 2 month+ sell-off, dwindling exchange supply, etc), it's very possible green lights ahead.....
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.