BTC In Ascending Channel... But For How Long?
I feel like the chart speaks for itself:
- Golden Cross on 4h (pending golden cross on daily)
- Ascending channel, retesting the midline now. Could see a retest of the top of the channel before a pull back
- halving hype
- Massive volume spike (buying) on dump to 3.8k
Now, with all this in mind we have to consider, people are up ~155% right now. We could see a pump to 12k where people are up 200%, at which they are bound to be taking profits, if they aren't already now.
Also, the day of the halving may result in a dump, we could see a small downtrend for a few weeks to a month after the halving before small miners capitulate.
So what I'm saying is.... BTC is going up or down.
I just think its gonna go up a little more first and then down.
- Golden Cross on 4h (pending golden cross on daily)
- Ascending channel, retesting the midline now. Could see a retest of the top of the channel before a pull back
- halving hype
- Massive volume spike (buying) on dump to 3.8k
Now, with all this in mind we have to consider, people are up ~155% right now. We could see a pump to 12k where people are up 200%, at which they are bound to be taking profits, if they aren't already now.
Also, the day of the halving may result in a dump, we could see a small downtrend for a few weeks to a month after the halving before small miners capitulate.
So what I'm saying is.... BTC is going up or down.
I just think its gonna go up a little more first and then down.
Comentário:
Looking at this ascending channel inside of the descending channel. We're on our way to testing the descending channel, and if we break it..... god daym
