What I am seeing if you try to zoom out the chart with higher time frame is a bearish pattern, a double top. So I am expecting some dumps from here.
This pattern may not perfect but I am still looking on the other side of this bull run of Bitcoin recently which we already created a new all-time-high price.
The other twist what could be possible is a cup handle pattern, which a bullish pattern, the handle is still not drawn for me this time.
This pattern may not perfect but I am still looking on the other side of this bull run of Bitcoin recently which we already created a new all-time-high price.
The other twist what could be possible is a cup handle pattern, which a bullish pattern, the handle is still not drawn for me this time.
What are you trying to say? I was just curious to know the next price movement like pump or dump giving diplomatic answer is not a solution, I know charts and it's candles works with an assumption. It will fluctuate only if there is price movement also can you figure out the same with zoom lens and say what could be next in a simple way by saying pump or dump?..
No one has a perfect crystal ball here.
going to round my numbers
But 2017 price of 20k for a miner todays price need to be 70-80k
2019 july price of 13k for a miner today price needs to be 25-30k
in dec 2017 when we got to 20k we dropped a lot
in july 2019 when we got to 13k we dropped a lot...
it is dec we are not near the equivalent numbers which are
25-30k for the 7/2019 top
and
70-80k for the 12/2017 top
I think this rally will have lots of legs 🦵
until we go over those thresholds mentioned.
the faster we get to them the foundation of more gear and higher difficulty won’t be there the quicker the drop.
So I think we move along bounce against 20k over and over. pass and drop back .
I would be happy to see us at 19000-20500 for weeks.