BTC has grown pretty awesome in the last month but don't forget that every market needs to rest and retest certain levels.
Expecting BTCUSD to drop at 37.5k and then slowly grinding till 42.3k, thus forming a H&S.
Afterwards we'll see a good drop till 28.8k and can even expect lows of 26-24k.
That will be our points to enter again and accumulate till we retest the 32k area.
I'm not bear, just trading what I see.
If BTC spikes above 47k, it either reaches 53k and we go to a new ATH, or it will drop hard and doom the whole market for another 1-2 years.
Cheers )
Expecting BTCUSD to drop at 37.5k and then slowly grinding till 42.3k, thus forming a H&S.
Afterwards we'll see a good drop till 28.8k and can even expect lows of 26-24k.
That will be our points to enter again and accumulate till we retest the 32k area.
I'm not bear, just trading what I see.
If BTC spikes above 47k, it either reaches 53k and we go to a new ATH, or it will drop hard and doom the whole market for another 1-2 years.
Cheers )