Okay. Imagine BTC and LTC swapped places.
Also imagine the 4hr is a representation of daily.
The current atmosphere feels that BTC under 6k is impossible. its an indestructible support that's full of demand. (its probably not)
And there's plenty of charts from "top traders" that show :
Long term uptrend with enormous prices at 80k eoy.
Compound fulcrums? (Fancy words)
Bottom Line :
Steep Lower highs make lower lows eventually.
----------
And I feel until BTC hits at least a -84% from ATH around 3.2kish, (even if its just a wick) The start of a range market begins until a higher high is formed signalling a bull market.
But of course I'll still try to buy lower lows and sell @ lower highs.
(Much opinionated rant pls leave mean comment below)
Also imagine the 4hr is a representation of daily.
The current atmosphere feels that BTC under 6k is impossible. its an indestructible support that's full of demand. (its probably not)
And there's plenty of charts from "top traders" that show :
Long term uptrend with enormous prices at 80k eoy.
Compound fulcrums? (Fancy words)
Bottom Line :
Steep Lower highs make lower lows eventually.
----------
And I feel until BTC hits at least a -84% from ATH around 3.2kish, (even if its just a wick) The start of a range market begins until a higher high is formed signalling a bull market.
But of course I'll still try to buy lower lows and sell @ lower highs.
(Much opinionated rant pls leave mean comment below)