Bitcoin bull move despite bearish divergence & early-stage i.e.

We can see bearish divergence across indicators + most altcoins have gained 100% in less than a month's time without correction.

Reason dictates that price cannot keep doubling every month: that would be 4096x in a year? This is early-stage irrational exuberance.

Today's close will show us which direction the market will move : 11.5k or 7k. (The latter being the case if we close below the trend line).

A clear break of 9.8k invalidates the triple combo correction pattern (to 2.5k). However, we must keep in mind that the MMs decide ultimately the price movement.

I see a lot of fomo at this point, whether this is a good thing...

Commentaire:

Commentaire:

still no confirmation yet:

Either the whales are selling slowly

Or the bulls & bears are fighting

Commentaire:

rising wedge, of course it broke out