As always, these are my simple charts. I have more evidence, but you cannot see.
So, we may have "Gold Fever" upon us ... or so I feel. Different to the last fork that held BTC back before the fork and then it exploded ...
... this time I think the opposite will happen = give us the free Gold 0.21% , then a proper correction ... down to at least the Supply structure of the previous 5K ATH as there is no decent Buy Supply before - as it was all used up to halt the drop yesterday for the impressive rally.
After a little ATH test to the last remaining Sell Supply levels (labelled), I think price will drop and refuel at the recent Buy Supply & from there 'bounce up' to push through 6K this weekend or soon next week for the glittery disco dust! Then, after the fork on the 25-26th, when it is in the bag, we are going to drop (if I have my candles counted correctly). This is natural, to keep going up at this rate requires huge exponential volume.
Ordinarily I would predict the 1.618 FIB level for the next ATH (though I do not like to project new unchartered targets) .... but this is BTC , so we may well be going to near 7K! My goodness, there are some very rich ppl reading this! Pls make the world a better place x Buy the good stuff.
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ps: Any FUD associated with the fork will deepen the retracement.
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I did not know the TV would putactive % links everytime I type symbols. Forget those.