Call me a paranoia but that 42k price area has been playing and singing voices in my head for weeks reason i continously left that white resistance line drawn and open.
What happened just minutes ago was what supposed to happen in about 2 weeks ..precisely from around 8th to 19th of August. It was not supposed to happen in a day or in an hour but again it is crypto market, with a lot of manipulations and speculations market have to squeeze it all in a day. Shaded more than $6k in a few minutes...LOL! crazy !! right?
After we hit that 44k,there was supposed to be a 42k retest but it didn't have that but rather did a 43k...leaving that critical price area open while pushing new highs. It's like someone building beautiful structure with a porous defense.. Check $BTC Weekly to get a clear picture of what i am saying.
Do not get me wrong, BTC is still bullish and i believe the market will close today with a long wick sellers rejection candle and then start building its way back up to 48,49 up to 50k resistance retest.
And as BTC continue moving up, Alts will continue as if btc didn't happen. If you have been seeing my charts on this,you won't let this today BTC shock you.Next leg up will be crazy.
And i still don't believe shorting this market is smart but again if you have to, watch your positions like a hawk.
What happened just minutes ago was what supposed to happen in about 2 weeks ..precisely from around 8th to 19th of August. It was not supposed to happen in a day or in an hour but again it is crypto market, with a lot of manipulations and speculations market have to squeeze it all in a day. Shaded more than $6k in a few minutes...LOL! crazy !! right?
After we hit that 44k,there was supposed to be a 42k retest but it didn't have that but rather did a 43k...leaving that critical price area open while pushing new highs. It's like someone building beautiful structure with a porous defense.. Check $BTC Weekly to get a clear picture of what i am saying.
Do not get me wrong, BTC is still bullish and i believe the market will close today with a long wick sellers rejection candle and then start building its way back up to 48,49 up to 50k resistance retest.
And as BTC continue moving up, Alts will continue as if btc didn't happen. If you have been seeing my charts on this,you won't let this today BTC shock you.Next leg up will be crazy.
And i still don't believe shorting this market is smart but again if you have to, watch your positions like a hawk.
If BTC could make a high above 48k,this will end as soon as it happens