There's a lot of interesting stuff happening regarding btc formation right now, for started how there's a re-accumulation forming, that is also the LPS of the bigger accumulation cycle it is right now.
Basically what I think;
As for now, what I expect next is another touch of the 67k-69k, primarily because we are still upside the main support floor, which is the 58k-59k and also especially because price price is currently having an accumulation formation characteristic.
There's an accumulation right now forming, which 63k was the spring. But considering the selling pressure at 67k-69k, I need a break upside it to consider higher zones, since a retracement to 50k could happen anytime if demand don't increase.
As on the bigger TF reactions;
Daily
Weekly
Monthly
Basically what I think;
As for now, what I expect next is another touch of the 67k-69k, primarily because we are still upside the main support floor, which is the 58k-59k and also especially because price price is currently having an accumulation formation characteristic.
There's an accumulation right now forming, which 63k was the spring. But considering the selling pressure at 67k-69k, I need a break upside it to consider higher zones, since a retracement to 50k could happen anytime if demand don't increase.
As on the bigger TF reactions;
Daily
Weekly
Monthly
Nota
Nota
64.8k on light supplyNota
''I need a break upside it to consider higher zones, since a retracement to 50k could happen anytime if demand don't increase. ''Update will be made about it (:
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.