I am currently watching these three target areas for BTC. 8200, 7700 and 7500.
We kinda already hit the first target, but I think there is a ig likelihood that we will go below from here. I think this likelihood is above 60% and as a result I am not willing to long, even though I am very bullish longer term.
This is because we broke out of a downtrend that started about 6 month ago. We are currently retracing from the breakout to get some new breath for the next move away.
I'll be looking for long entries at target 2 & 3.
Resteemed :-)
i'm too!! thx for graphic, very interesting
cheers and a little bit of !BEER 🤠
Thank you
I am although very bullish for longer term 👌
Banking on long entries as well.
@knircky, Let's see what is waiting ahead. I am no expert but going through from some posts and videos and through those words and information in my opinion Selling Pressure is increasing. Stay blessed.
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Indeed there is some pressure in the market. Probably by miners. Afer the halfing in May this influence will decrease. So I expect higher levels in the second half of this year.
That’s right!
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I'd like btc to fall. I was planning to throw in my liquid steem when btc was below 7k a few weeks ago but I couldn't pull the trigger. I'm 100% in steem and it feels wrong. Need some btc even though if steem gets to 50 cents I would be better for me to stay in steem. Have a !BEER on me
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Dear @knircky, I am glad to greet you again, I had a long time without entering here, how are you? I would like to chat with you...
Depending on the time period and the whales you just might be right. Everyone is exited because we've been ticking up but it's not sustainable without the halving.
Here is the trend I've been using. It's an overlay with the previous cycle price action (previous price on the secondary axes). There is a lot of whale action this cycle compared to previous cycle. I can just image the whale wars that went down. Without these wars we would have seen something like the graph below.
Cleaned up looks like this.