masterluc May 29 comment : All right, price doesn't respect short term trend line. I see it likes triangles now. Okay. Hit or miss. Resolution is close.
The pennant formation is a classic leader to resolution. The end of the pennant often seems to take longer than it should.
That overhead resistance is very strong, with 10 months of lower highs and classic failures at 13500, 10500 (twice) and 10000 (twice). It should worry potential long traders.
This kitty cat is not worried, because he knows that resistance looks strong until it is not, then the kitty cat ends up laughing all the way to the bank (as has happened several times previously.. and no real reason to believe that history is not going to come close to repeating itself in some kind of financially meaningful way). We have seen such doom and gloom fearing of resistance scenarios play out many times in bitcoinlandia... so should HODLers be taking any chances to NOT making sure that they are adequately stacked, stocked and ready for UP
NO, the smart HODLers SHOULD have bought the dip already, and ARE stacked, stocked, and ready.
I don't know honestly how I can continue buying the dip though under $10,000, it might be the last one. COVID-19 changed my monthly budget.