The stochastic is overbought, volume has been cut in half post halving, the ETF's have slowed down significantly. I look at this with your cards and it seems very likely we come down to $59K, maybe $52K by May. Hopefully we bounce hard on $59K and then continue back up. Also, would be nice if Bitcoin dominance comes down and we can get an alt season in May.
It will be interesting to see the SOL and Rune cards for May to see if we could get an alt season.
If comes down to that level by May would be a great sign for May because def feels like 52k is low considering that would be about 12k in next 2 days? Even 56/57 hard for me to see because thatās about 10k drop in 2 days. J donāt think theyāre that bearish. Tmw maybe more bearish leaning than today. But then I think it can set us up for a good start to May. So dips here would be nice. But just zooming out, to me seems like shorts are running out of money. I think the low is around 61.8-+
Going to post rest of the week tonight to give bigger picture view. And more about May tmw.
The stochastic is overbought, volume has been cut in half post halving, the ETF's have slowed down significantly. I look at this with your cards and it seems very likely we come down to $59K, maybe $52K by May. Hopefully we bounce hard on $59K and then continue back up. Also, would be nice if Bitcoin dominance comes down and we can get an alt season in May.
It will be interesting to see the SOL and Rune cards for May to see if we could get an alt season.
If comes down to that level by May would be a great sign for May because def feels like 52k is low considering that would be about 12k in next 2 days? Even 56/57 hard for me to see because thatās about 10k drop in 2 days. J donāt think theyāre that bearish. Tmw maybe more bearish leaning than today. But then I think it can set us up for a good start to May. So dips here would be nice. But just zooming out, to me seems like shorts are running out of money. I think the low is around 61.8-+
Going to post rest of the week tonight to give bigger picture view. And more about May tmw.
Maybe the Hong Kong ETF's will add some significant volume. We are way overdue for alt season, so May should be the time.
I Love the Probability Tables ā¤ļøš©µā¤ļø