Dear viewers,
bitcoin has completed its two lower highs now it's time for the second lower low which is under formation, as I have projected the retest bitcoin goes smoothly at that point and somehow retested back and now moving towards the projected low.
SMA 50 is a very important level to watch and must hold for bulls to propel else we will be in an intermediate bearish trend.
so far bitcoin is looking ready to go towards new ATH after this massive consolidation.
over-leverage traders are almost shaken off and rekt, the weak hands also got shaken out exchanges fee and funding rate has been reset almost.
so no point here to be bearish at all for the long term..
cheers.
bitcoin has completed its two lower highs now it's time for the second lower low which is under formation, as I have projected the retest bitcoin goes smoothly at that point and somehow retested back and now moving towards the projected low.
SMA 50 is a very important level to watch and must hold for bulls to propel else we will be in an intermediate bearish trend.
so far bitcoin is looking ready to go towards new ATH after this massive consolidation.
over-leverage traders are almost shaken off and rekt, the weak hands also got shaken out exchanges fee and funding rate has been reset almost.
so no point here to be bearish at all for the long term..
cheers.