Hello everyone, been a very long time since my last post :) I will make it quick why i see it like this.
Right now we're at FOMO. I personally sold my stuff not going in for this.
If we look in the past BTC was always correcting big after big rally, what we can see right now was FOMO after takeing over 14k resistance. Natural and healthy step right now would be a confirmation 14k resistance as a support, going further to the north without checking 14k would be too suspicious, and this rally wont be stable.
So i made 2 arrows, like 2 ideas more and less likely;
Less likely for me is green arrow idea - We are going to a place close to 17k, that was slight resistance back in the last bubble, and we bounce to check 14k as a resistance, if 14k breaks we go to yellow zone.
More likely red arrow -> we should be looking for a correction right now/in the next few days to a place around 14k if it breaks we go to yellow zone.
Been in this market since last bubble, and all i can say is protect yours money :) it will go down, than up that is normal move of BTC.
My final target of BTC is 250-300k$ but this rally will not lead us there without correction, we are not that FOMO yet :)
Right now we're at FOMO. I personally sold my stuff not going in for this.
If we look in the past BTC was always correcting big after big rally, what we can see right now was FOMO after takeing over 14k resistance. Natural and healthy step right now would be a confirmation 14k resistance as a support, going further to the north without checking 14k would be too suspicious, and this rally wont be stable.
So i made 2 arrows, like 2 ideas more and less likely;
Less likely for me is green arrow idea - We are going to a place close to 17k, that was slight resistance back in the last bubble, and we bounce to check 14k as a resistance, if 14k breaks we go to yellow zone.
More likely red arrow -> we should be looking for a correction right now/in the next few days to a place around 14k if it breaks we go to yellow zone.
Been in this market since last bubble, and all i can say is protect yours money :) it will go down, than up that is normal move of BTC.
My final target of BTC is 250-300k$ but this rally will not lead us there without correction, we are not that FOMO yet :)