Is Bitcoin really breaking out of Trend ?
I think we need a BIG reality check on some Bitcoin "Expert" analysis speechs over the last 24 hours.
While I agree on so many counts, that we are coming out of this long term range, as we did last year at this time,( see chart ) it is WAY TO EARLY to say this is the new Bull run.
I mean, seriously, LOOK AT THE CHART.
PA has not even broken above Top of Range yet. It is Half way up the channel.
BUT we do have Bullish signs, that cannot be denied but to call this "the new beginning" - That is dangerous - We must wait and see how the rest of this plays out.
In a Bullish way, the MACD is finally turning at the Neutral line, this give BTC Huge power to move Higher but, in a Bearish way, It could continue to drop.
Also not the Low Volume count and the simple fact that the Bull Bear indicator is still falling from Bullish, though this will lag and so changes may not appear to quickly.
So, What are we waiting for ?
Once we have Broken Top of Range, THEN we can start dancing, carefree to some extent.
So,,Lets be realistic.. This is very possibly the end of Range But we are Still in Range...coming from a new Low
When can we dance ? When we break 76K usdt and hold above.
While I agree on so many counts, that we are coming out of this long term range, as we did last year at this time,( see chart ) it is WAY TO EARLY to say this is the new Bull run.
I mean, seriously, LOOK AT THE CHART.
PA has not even broken above Top of Range yet. It is Half way up the channel.
BUT we do have Bullish signs, that cannot be denied but to call this "the new beginning" - That is dangerous - We must wait and see how the rest of this plays out.
In a Bullish way, the MACD is finally turning at the Neutral line, this give BTC Huge power to move Higher but, in a Bearish way, It could continue to drop.
Also not the Low Volume count and the simple fact that the Bull Bear indicator is still falling from Bullish, though this will lag and so changes may not appear to quickly.
So, What are we waiting for ?
Once we have Broken Top of Range, THEN we can start dancing, carefree to some extent.
So,,Lets be realistic.. This is very possibly the end of Range But we are Still in Range...coming from a new Low
When can we dance ? When we break 76K usdt and hold above.
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