Bigger picture to the short term down side.

10 апр. 2022 г.

I published another idea that shows the shorter term in more detail. It helps to see BTC's historical behavior to understand my opinion moving forward. We are waiting for a high volume reversal off the downside to begin another push higher. We need a capitulation to be concise. That's usually confirmed with high volume. The target of 14K to 25K is not unrealistic. The market never pulled back like it does traditionally after a major run up. This 14k-25k "zone" is a major location of confluence on many levels. Primarily the Fibonacci retracement level that whales look for to start buying back in; this same retracement zone always coincides with a major trend level.