$5k before $100,000
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I don't think this chart pattern requires too much explanation - a move back to 5k (or at least 6k) is already taking place, before we move into the next "bull run". What reasoning can you come up with to dispute this being the likely situation?
Regardless, I am ultimately of a bullish outlook, as I would consider these all stepping stones on the way to a new all time high following the 2020 halving.
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Regardless, I am ultimately of a bullish outlook, as I would consider these all stepping stones on the way to a new all time high following the 2020 halving.
Save crucial space on your Trading View chart by utilising the free RSI and StochRSI indicator which overlays both in a clear and helpful fashion.
Please give me a thumbs up and follow me if you found my analysis interesting. This is for educational purposes only and not a recommendation to buy or sell.
Note
Note
Note
We're still beautifully on target for the 5k range within the next few months. Would be great to clear out many of the under-performing alts that need to die to help the crypto space prepare for the next bull run.Note
The weekly 200 moving average is the crucial level we are currently heading towards in the coming weeks. Should we make it that low, it *must* hold, or things could get ugly. As it is, a drop to the 5k level would be very healthy.
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