#BTC - Is the bull run over?
Is the bull run over for #BTC?
As I mentioned in my last post, I don't think BTC is ready for a more ample correction, only once we reach the extended zone of 105-108k
There are multiple confluences that sustain this hypothesis:
1. On the Pitchfork price touched the 1.618 low and rejected
2. All the liquidity was taken from 90-91k
3. There is now more and more liquidity forming above 104k, as people believe that the huge wick sweep signalled a change of character (reversal)
4. Looking at the Fibonacci time levels, we see multiple pivots in the past that were almost perfectly on the time levels, the next one being tomorrow
Even if price keeps correcting a bit lower to 93-96k, don't be fooled and sell early, because the next sweep of highs will be very impulsive, close to inflation news.
As I mentioned in my last post, I don't think BTC is ready for a more ample correction, only once we reach the extended zone of 105-108k
There are multiple confluences that sustain this hypothesis:
1. On the Pitchfork price touched the 1.618 low and rejected
2. All the liquidity was taken from 90-91k
3. There is now more and more liquidity forming above 104k, as people believe that the huge wick sweep signalled a change of character (reversal)
4. Looking at the Fibonacci time levels, we see multiple pivots in the past that were almost perfectly on the time levels, the next one being tomorrow
Even if price keeps correcting a bit lower to 93-96k, don't be fooled and sell early, because the next sweep of highs will be very impulsive, close to inflation news.
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