Thanks for the charts.
So you're expecting to top out soon off the upper $8,000s followed by a tag of the $6,700 area? It's a bit tough to make out the target zones at this scale.
What probability would you give to the red scenario?
Hi,
I was waiting to see what occurs here on May 15th cause I'm anticipating a drop. The question is how much. I plan on providing a video update soon. At the moment, I would be surprised if we had a big dip or dump from here. I honestly don't see it based on what the indicators are showing me in the 2-Week Time Frame.
I've been thinking the same. I could see maybe the low $7,000s in a sideways consolidation.....let the lower time frames recharge. The higher time frames have incredible momentum. It seems like anyone selling based on overbought lower time frames (1-day and lower) is providing liquidity to all the people buying the monthly trend.
ETHBTC and some other alts are showing strength on the 1-day time frame. Money flowing into alts during BTC sideways is pretty classic bull market behavior.